coming up next on day because jonah, australia axes -- on daybreak australia, australia axes agreements between china and australia. this is ♪ ♪ bloomberg. -- this is bloomberg. ♪ ♪ vonnie: you're watching deborah kostroun you. the uk's transport secretary says he holds regular talks with his u.s. counterpart. he says the case for travel between the two highly vax it in countries. the ban imposed by former president trump would need to be loosened. numbers were down 99% this month compared to two years ago. u.k. aims to resume nonessential international travel in may. term and lawmakers have approved angela merkel's controversial lockdown law. officials are struggling to contain a fresh wave of coronavirus infections that is putting pressure on hospitals. it will give federal officials the authority to impose tighter restrictions and virus hotspots including nighttime curfews and closing schools and nonessential stores. the united arab emirates is considering restrictions on people who have not yet been vaccinated despite being eligible. this is sparking widespread criticism. bo

plenty more to come on "daybreak australia." this is bloomberg. ♪ shery: here's a quick check of the latest business flash headlines. mitsubishi considering ways to reduce office space in the americas as more employees work remotely. the tokyo bank expects roughly 25% of workers in the region to be fully remote after the pandemic with the rest either coming to the office every day for working from home some of the time. intel reported 20% falling data -- fall in data sales. they reported better first quarter revenue from a year earlier on strong demand from laptops. snap reported daily active users that beat expectations lifted by digital advertising campaigns and more consumers using its snap chat app. sales jumped to $770 million for the quarter ending in march. snapchat reported 280 million daily active users for the period, a 20 2% jump bonnie: you are watching "daybreak australia." -- vonnie: you are watching "daybreak australia." president biden vows to cut emissions by up to 52% by the end of the decade. he will also ai

dan before we got a really big tragedy in australia.— in australia. don blaine of course was a terrible _ in australia. don blaine of course was a terrible incident _ in australia. don blaine of course was a terrible incident because i in australia. don blaine of course l was a terrible incident because the man who committed those murders went to a school and effectively wiped out a generation of schoolchildren and their teacher. we also had the hungerford massacre in england which was a large number of fatalities in one small town in england, all from one small town in england, all from one assailant. it's notjust about the law, but also the interaction of the law, but also the interaction of the law, but also the interaction of the law and the people who sell guns, manufacture guns, other gun users who will often say after the events, "well, we did think he was a bit odd, we were uneasy about him," but it never led to anyone taking action. what is it about the action that you hoped would would be recognised in other countries as well as something th

will eventually have an impact on australia. australia looks to u.s. partnership when it things about its economic development. given that major export markets in australia, china, japan, korea, are all trying to move ahead and be more bushes on climate change, particularly looking at reducing the role of reliance on fossil fuels, these are areas that australia will need to think about addressing. the political environment in kim bro right now is not conducive to more action from the prime minister. over the biden ministrations term, it will be expected that they are showing in government will eventually enact new measures as well. haidi: our bloomberg nes head of research ahead of that ambitious climate summit. we are sticking with energy. getting production numbers out of petroleum. production for the first quarter of 23.7 million barrels of oil equivalent. first quarter production coming through. we are getting sales revenue for the first quarter of just over a billion. the average price is $44. capex coming in at 380 million. we have seen in terms

and australia create a 14 free travel ball family and friends separated by the pandemic finally reunited after more than a year with hear from some of the 1st travellers making use of the long awaited opening. plus the e.u. and the us are boarding in russia of consequences if russian opposition leader alexina dies in custody personal doctors say without intervention he may only have 3 days left to live. germany's conservative struggle to choose the man who will replace on the back and lead them into the next election to regional leaders are vying for the top and not shows any signs of backing down. hello i'm terry martin good to have you with us a massive shake up in european football 12 top clubs from spain italy and england have announced the formation of a breakaway super league the new midweek competition will be. independent of european football's governing body away from the super league is expected to be highly lucrative and include many of europe's top money making teams like manchester united ac milan and rail madrid as well as $12.00 pounding clubs another 3 are expected to joi

this is news coming to you live from berlin new zealand and australia create a quarantine free travel bubble reuniting families and friends separated by the pandemic we'll hear from some of the 1st travelers to make use of the long awaited opening also coming up turmoil in european football 12 of the continent's top football clubs announced they're forming their own new super league to a 1st says it will consider all available measures to stop them plus germany's conservative struggle to choose the man who will replace and lead them into the next election to regional leaders or buying for the job and not show any signs of backing down. plus teenagers in the u.s. can now get team vaccines we visit one family with high hopes that the expanded immunization program will soon bring normal teen life back to america. hello i'm terry marchin good to have you with us australia and new zealand have opened a 2 way travel bubble quarantine free travel is now allowed between the 2 countries for the 1st time in more than a year there were emotional scenes in wellington new zealand as. families and

jobkeeper was a key part in australia's plan to | key part in australia's plan to escape its pandemic recession, but the government says it's time for the economy to support itself, and for the show to go on. with travel restrictions making holidays abroad difficult, more people are choosing to look at staycations by swapping homes with someone else in their home country. home—swapping platforms are reporting a rise in enquiries for this summer, with new users attracted by the fact that it's cost—free except membership fees. swapping site love home swap saw a 355% increase in sign—ups to their site when the first lockdown lifted lastjune, and they're having a similar pick—up in activity now. joining me now is celia pronto, managing director, love home swaphow does the businesses behind the swaps love home swap. how does it work? it's a pretty sim - le how does it work? it's a pretty simple process. _ how does it work? it's a pretty simple process. people - simple process. people initially sign up for a free trial and that gives them the opportunity to explore some of the homes

he came back to australia — personally. he came back to australia on _ personally. he came back to australia on a _ personally. he came back to australia on a solo - personally. he came back to australia on a solo tour- personally. he came back to australia on a solo tour in i personally. he came back to . australia on a solo tour in 1956. personally. he came back to - australia on a solo tour in 1956. he was there to open the olympic games in melbourne. i think that had a particularly important impact on his life, because he was emerging from the queen's shadow at that point. have you reflected on that today and what australia meant to the duke? i what australia meant to the duke? i think he had a particular view of the commonwealth at large. there are more than 50 member states to the commonwealth. he had a deep affection for the entire commonwealth family. in australia, there is a particular resonance, charles came here to school for a bit. the 56 olympics, again before my time. the bottom line is, i remember talking to prince philip about that visit and the duke

both australia and new zealand _ this, and when. both australia and new zealand have - this, and when. both australia and new zealand have done i and new zealand have done incredibly well in controlling the coronavirus pandemic but that has largely come to the closure of their international borders, so there has been no international tourism really since before last march, and what that means is they are only repatriating citizens who are returning to both of those countries, and they are of course then subject to that hotel quarantine of 1a days, so finally this is opening up a window for aussies and kiwis to travel between the two nations without the need to quarantine and of course there has been a 1—way bubble in place since october whereby citizens of new zealand have been able to travel into most states of australia, minus a few hiccups in those glitches when it comes to small outbreaks.— to small outbreaks. where are the u- to small outbreaks. where are they up to _ to small outbreaks. where are they up to with _ to small

and why should australia feel threatened to the point of spending 30000000000. i mean australia we can feel it as along with many other countries within you know asian oceania that this rise in china chinese increases in its military spending over the last 26 consecutive years i see it as a threat to its national security and especially we see that you know china has been more expansionary in its neighbor operations and so australia charity us china as this. increasing reach of force and it might have a long term threat perceptions to what's times expection and i mean this also depends goes down to the underpinning of the current political debate going on within australia and china that they are often a lot of political disagreement going on and it's just a situation where i think australia is looking to invest more in its equipment particularly as a way of modern life seeing its military in the event there possible further expansionary a military strategic policy that china might implement over the last over the next 102030 years and it comes down to the fact t

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in australia, the duke of edinburgh _ world. in australia, the duke of edinburgh has _ world. in australia, the duke of edinburgh has been _ world. in australia, the duke of edinburgh has been fondly - world. in australia, the duke of - edinburgh has been fondly remembered and he will be remembered by politicians and the public alike. returning to the death of nikki grahame, our media correspondent joins us. the people who weren't aware of her, tell us about nikki. looking back, iam aware of her, tell us about nikki. looking back, i am amazed it was 15 years ago that she entered the big brother house. so many people over the years have been in that house. 0nly the years have been in that house. only a few make a real impact, and nikki grahame was one of those, she was funny, engaging, over—the—top, temper tantrums. was funny, engaging, over—the—top, tempertantrums. she was funny, engaging, over—the—top, temper tantrums. she had absolutely no filter. if it popped into her head,it no filter. if it popped into her head, it came straight out. the public had a very, ver

♪ haidi: good morning and welcome to "bloomberg daybreak: australia." shery: good evening from bloomberg world headquarters in new york. i'm shery ahn. haidi: chinese gdp numbers, they report record growth, but the viral debacle preys on investors. economic signals, accelerating recovery in the world's biggest economy, real estate, health care and technology leading gains on wall street. city moves to scale back retail banking operations in australia, china and india, and other markets on the chopping block. the japanese prime minister looks to strengthen ties with the u.s. as he plans to meet with president biden in person. shery: u.s. stocks on wall street again seeing record highs, the s&p 500 led higher by real estate and health care. we have strong economic data -- u.s. retail and jobless claims better than expected. financial shares declined, retails -- chairs falling after strong ports from citigroup and bank of america. the 10-year yield dropped below 160, u.s.-russian geopolitical tensions might have fueled move, bond yields lower, we also saw

us, uk, singapore, australia _ problem. us, uk, singapore, australia and _ problem. us, uk, singapore, australia and south _ problem. us, uk, singapore, australia and south africa i problem. us, uk, singapore, i australia and south africa have also reported _ australia and south africa have also reported this — australia and south africa have also reported this mutant. _ australia and south africa have also reported this mutant. is— australia and south africa have also reported this mutant.— australia and south africa have also reported this mutant. as india plans to dramatically _ reported this mutant. as india plans to dramatically ramp _ reported this mutant. as india plans to dramatically ramp up _ reported this mutant. as india plans to dramatically ramp up its - reported this mutant. as india plans to dramatically ramp up its locally i to dramatically ramp up its locally made vaccine supplies, it's appealing to america to ease exports of raw materials. the pressure is building for more immediate action to stop this deadly wave of the virus, as those losin

welcome back to australia! this is terrific, — welcome back to australia! this is terrific, really looking - is terrific, really looking forward to this. - is terrific, really looking forward to this.- forward to this. really emotional. _ forward to this. really emotional. it - forward to this. really emotional. it is i forward to this. really emotional. it is nice i forward to this. really| emotional. it is nice to forward to this. really i emotional. it is nice to be backin emotional. it is nice to be back in australia. iodide emotional. it is nice to be back in australia. we have not seen him _ back in australia. we have not seen him in — back in australia. we have not seen him in a _ back in australia. we have not seen him in a long _ back in australia. we have not seen him in a long time. it i seen him in a long time. it has been awful. i could not even give him _ been awful. i could not even give him a hug when dad passed awaym — give him a hug when dad passed away... sorry. give him a hug when dad passed away--- sorry-— away... sorry. amazing.

♪ >> good morning and welcome to daybreak australia. i am haidi stroud-watts in sydney. >> good evening, i am shery ahn. haidi: these are your top stories. u.s. stock arises as fed chair downplays inflation concerns again but he warns the uneven vaccine rollout around the world are a risk for recovery. singapore -- the finance chief steps aside. the surprise move will likely push back the power transition. more changes at credit suisse. the bank is tightening its financial terms for hedge funds and officers. it could signal a shift in the industry. haidi: -- shery: u.s. stocks touch another record on dovish comments from jared powell. the s&p 500 was higher than tack and consumer discretionary stocks. the 10 year yields being sent down. we have jobless claims going the wrong direction for a second week. energy stocks led the declines. crudes futures have been stuck in narrowband. we do have u.s. futures at the moment heading higher. let's turn to sophie for a check of what to expect in asia. sophie: japan, a company restarting output as

australia _ there where you are? 0h, very. australia got — there where you are? 0h, very. australia got off _ there where you are? 0h, very. australia got off to _ there where you are? 0h, very. australia got off to an - there where you are? 0h, very. australia got off to an early - australia got off to an early start a few years after the award was established in the united kingdom. we are into our third generation plus of young people completing the programme. the significant feature in australia now is that the wider society recognises it, thinks it out, so whether it is an employer or whether it is the education sector or the wider community, the award has become something of importance and significance for a young person to complete. what do young people get out of it? ., ., ., ., ., it? the award works at two levels. it? the award works at two levels- at _ it? the award works at two levels. at the _ it? the award works at two levels. at the individual. it? the award works at two l levels. at the individual level the young person, once they get to understand the smart

we have a lot more to, on "daybreak australia -- come on "daybreak australia." this is bloomberg. ♪ >> there is an issue that congress talked about whether or not we are doing anything personally. we are. most sides of the aisle are strongly supportive of -- i think we can really get things done for the american people. shery: president biden reassuring companies he has bipartisan support for government funding to address the chip shortage. in fact, we will have more on that summa in a moment but first, a look at nvidia shares, which jumped after the company unveiled its first server microprocessors, chips that handle the most complicated computing work. the move extends the push into the most lucrative market. an analyst says nvidia is "starting on the road to data center domination." he joins us now to explain. >> nvidia has dominated one category of the data center chip market which is in the ai space so chips that predominantly deal with artificial intelligence workloads either in training or entrance are mostly nvidia chips but if you look at other chips

but that's just what australia did, this week. vetoing a belt-and-road agreement signed by beijing and the australian state of victoria. >> we've been very clear to china and any other country, we are not going to have our values compromised. we aren't going to surrender our sovereignty. >> reporter: it was just a memorandum of understanding. there was no-tangible plan for victoria to participate in china's global project of ports, roads, and railways. but the government in canberra now says the 2018 deal contravenes the national interest. >> right now, beijing is using economic leverage it has over australia to coerce -- trading, coal, and even lobsters. so giving them more leverage to do more of that just doesn't make any sense. >> reporter: withstanding that economic pressure has not been easy. exporters have suffered. after the australian government angered china, by calling for investigation into the origins of covid-19. now, after ending victoria's association with the belt and road, australia is bracing for further backlash

there is vaccine hesitancy in australia. it is nowhere near as high as it is in some other countries, but same sort of problems contribute to people saying, as you said, coronavirus is not such an issue here, i'm just not going to bother. i think there is some very real -- what the government has done has undermined willingness to make their early effort to get vaccinated. haidi: anecdotally, we've heard a lot of anger and frustration from the medical community. jp's -- our gps in australia equipped to handle logistical challenges? we have the flu vaccination rolled out seamlessly every year. how different is this? >> it is different because gps are already busy. most have very busy practices. in order to vaccinate at the levels that justify the investments that need to be made , they have to get a nurse practitioner in, they need paperwork, special refrigeration measures, and they have to juggle that alongside all the patients who normally show up. i think gps have shown they are more than willing to put themselves out ther

it's been quite. an interesting 12 months here in australia in terms of that in australia in terms of that in general, quite separate from the death of prince philip. we had a very important case that i actually took trying to gain access to the queen's letters to the governor—general, i think that led to a lot of discussion about the ongoing relationship and just what that means, the interview between oprah winfrey and prince harry and megan markle. again another spark of interest and prince philip, ithink, is part spark of interest and prince philip, i think, is part of what we see as a generational shift and there are a lot of questions now around where we should move forward and no doubt it is alerting people, i think, to the fact that we have a head of state who is also a foreign monarch and just what that might mean in the future for australia moving away from that structural system of constitutional monarchy, but at the moment there is an outpouring of grief and sorrow, particularly for the queen and the royalfamily and particularly for the queen and the royal family and thos

australia doesn't have a right to bear arms. we do. what do you believe is transferrable from what australia went through to what we are experiencing in the u.s.? >> well, i think there is two or three commonalities between the united states experience and australia. having lived in america the last five or six years i fully understand the differences, including the second amendment. but here are two or three common factors. one we australians are freedom-loving people. and people have had the right to own firearms for a long, long period of time in our history. and because australia is a rural country with large open spaces like in america, it's kind of been part of our upbringing to have firearms on farms, for example. i grew up on a farm in rural queensland where my father had a shotgun which he used to suppress ferrell animals. the second thing is all of us as australians and americans are lor fied by the specter of mass shootings. when we saw this australia big-time 25 years ago with a mass shooting at a place called port arthur i

it's love of the queen at the moment. >> when you say that's it for australia -- >> i think australia would opt out. >> of the commonwealth? >> no, not the commonwealth, but having her as the head of state. i think there's been a lot of chafing at the bit, if you like, but it's because the queen is so popular that voices have been kept quiet. but they make no bones about the fact that this is sort of an archaic hold on the country. >> to explain to viewers who may not be as familiar, the queen is not only obviously the united kingdom of great britain and northern ireland, but she's head of state of 15 countries around the world, including can na, new zealand and australia. and then you have the commonwealth, which she's also head of the commonwealth but not head of state. australia for the last five decades has gone backwards and forwards and moved towards a republicanism form of government. they a referendum years ago where they decided to keep the queen. >> they phrased the question in asking it to citizens? >> they didn't just ask, do you want to keep the queen as head of state. th

in australia, a massive _ economic growth. in australia, a massive covid _ economic growth. in australia, a massive covid vaccination - a massive covid vaccination programme is under way. consumers and businesses are hoping the worst of the pandemic is over. that optimism is reflect within the strength of the australian dollar. it's the start of the banking results week in the uk and europe's largest bank, hsbc is the first to report its earnings for the first quarter of 2021. it's profits after tax are up 82% to $4.6 billion boosted by a solid performance in asia. hsbc said �*the economic outlook has improved, although uncertainties remain. joining me now is frances coppola, who's a banking analyst. good morning to you, thank you for being on the programme. you've been looking at the numbers, what is your take? when we are talking about percentages like this enormous increase in profits and revenues, these are exceptional times. they are comparing it with the first quarter of 2020 which was of course at a time when the main market in asia was badly disrupted by covid so i

we have been in australia for 20 years _ family. we have been in australia for 20 years now _ family. we have been in australia for 20 years now and _ family. we have been in australia for 20 years now and other- family. we have been in australiaj for 20 years now and other family for 20 years now and otherfamily are in the uk and we are very conscious of them being in lockdown and how hard it is for them. if feel very disconnected yet today we feel more connected somehow. australia post the prime _ more connected somehow. australia post the prime minister _ more connected somehow. australia post the prime minister said - more connected somehow. australia post the prime minister said this - post the prime minister said this was about extending a message of condolence to the green, but also about giving thanks and praise to the life of the duke. it about giving thanks and praise to the life of the duke.— about giving thanks and praise to the life of the duke. it has been a treat the life of the duke. it has been a great honour— t

>> it has been a really interesting development in australia. the australian public has generally been quite positive toward china and in some ways have been outliers when compared to the united states, the united kingdom, canada. until two years ago, the vast majority of australians felt quite positively toward australia, but as the bilateral relationship has significantly deteriorated and china has adopted a much more aggressive posture toward australia, we have really seen that plummet. only 20% of us trillions say they trust china. the same number have confidence in xi jinping. that number has more than halved in just two years. rishaad: the cold war was about capitalism versus communism at its most base level. the thing is, this particular sort of battle is about those ideologies. we have those that say china has got ever closer to russia and likewise, where is the united states and its allies are also coalescing. is this the start of a new cold war? >> this is the question everybody wants an answer to. i don't know if it is a new cold war,

the ban on huawei being involved in the 5g rollout in australia, and australia's calls for an independent investigation into the origins of coronavirus. the australian government in december passed a new law allowing it to overturn any agreements the states have made with foreign governments, in effect plugging a foreign affairs loophole. it was only a matter of time before the government moved to canceled these agreements between victoria and china. yesterday they did it. the foreign minister saying, i consider these arrangements to be inconsistent with australia's foreign policy. as you pointed out, china responding as you might expect. an email from the embassy calling this an unreasonable, provocative move bound to further damage relations, saying in the end australia will only end up hurting itself. haslinda: china crying foul there. how likely is it china will take further trade reprisals against australia? paul: if history is any guide, it is probably only just a matter of time. another question is what is left in terms of reprisals. china has already made moves against australia.

give us the perspective from australia - be with you lewis. give us the l perspective from australia then and asia more widely because in europe, lots of fans, lots of organisers within the game are not happy at all. how is it being viewed there? i think there's been a similar reaction, certainly in australia. i can't speak for the whole of asia but in australia there are a lot of premier league fans in particular and i think their reaction has been one of stunned silence to a large degree, but also anger and disappointment that their favourite clubs, particularly the big six of england because the premier league is usually popular here, has decided to go down this road. i have to say it has been a little bit of a shock i think to all of us because we were all expecting on monday to hear that these revamped plans for the champions league had been rubberstamped with the expanding group stage instead of evolution, we got revolution. i think people are still digesting yet but a very angry and very disappointed. what do you think the motivation is

. * >> will it be a problem if a lot of people are vaccinated and they are not and australia -- in australia, does that slow a road to full vaccination and endangered the recovery of our tourism sector there and reopening of borders? dan: we are obviously doing everything we can to make sure that is -- make sure that many australians as we can are vaccinated. we are getting close to reaching the one million mark and that will further grow as we continue to bring the online domestic production onboard and that is one of the most important decisions that the government made last year was to create the own domestic production, because there is shortfalls and vaccination supplies globally and the fact that we will be able to have over time nearly a million doses being produced a week here in australia is something that is going to stand in very good stead. we will continue to roll the vaccine out and while we are targeting those people, the elderly australians in particular, we have to make sure we do it carefully and we are doing it in the approach where we are working with authorities to make

according to media in australia, a travel bubble between australia and new zealand could be injeopardy after a positive covid—19 case. these were some of the first passengers to take advantage of the new rules, allowing passengers to skip hotel quarantine. now it's reported a border work at new zealand �*s auckland airport has tested positive for novamack. we will keep you up—to—date with what is happening there in new zealand and australia. that is about it from me. just quickly before we go, a man in belgium has come up with his own take of a covid bubble, take a look at this. he is an artist and this is his idea. that's it. this is bbc news. hello there. hello there. april showers have been in short supply. it's been a very dry month so far. and for most places, tuesday will be another dry day with some sunny spells. but across the north of the uk, we can expect some patchy rain, courtesy of a weather front — you can see it here on the chart — drifting in from the northwest, moving slowly southeastwards through the day and weakening all the while. for much of england and

the market australia pmi manufacturing index, 59.6. a strong set of markets as the economic recovery continues together strength. shery: let's start with our top story and the bloomberg scoop. sources say president biden will propose doubling the capital gains tax rate for wealthy individuals to pay for a raft of spending that addresses long-standing inequality. kriti gupta joins us with the latest. give us an overview of what this tax could look like. >> the important number you need to know is 43%. that is how much the top 1% of americans could be taxed. what is it exactly? this is a tax you are paying on a profitable trade. this applies to things like art like collectibles, old investment and business deals. this is why it is so important for the big wealthy crowd. it has a lot to do with wall street investments. you are making the big trade, you want to be able to reap as many profits as possible. this against tax means to meet those profits, you have to pay a higher tax on that. paul: news of this development through markets into

when they've both opened in australia in just over an hour's time. shery: up next, blackrock's larry fink about continuing to be loud on social issues, especially with what he calls a tectonic shift to climate sensitive investments. this is bloomberg. ♪ >> we are in the early stages of a sustainability revolution. >> the train has left the station, investors care about it, people who work in corporate america care about these issues. >> every time the united states has some great, transformative things, there has been a partnership between government and the undecided sector. >> there is not enough tax and the world for a private sector to pay for all of this. it is going to have to be a public-private partnership. >> companies that have strong stakeholder capitalism as a part of the principal, those companies are performing better than the ones that were silent. shery: top executives, policy makers and executives speaking earlier. we also heard from larry fink at the summit. he says speaking up on issues such as climate change have resonated with

for a teen free travel between australia and new zealand is back on the horizon more than a year after new zealand shut its borders. so their own says it's confident it's on the right path to reviving the 2050 nuclear deal ahead of high level talks in vienna there on said progress could be made if washington is serious about negotiations signatories to the deal as well as united states meeting in the coming hours however american and iranian officials are not planning to meet directly the 5 ministration is pushing to revive the deal which collapsed after former president donald trump withdrew u.s. support. we don't underestimate the scale of the challenges ahead these are early days we don't anticipate in early or immediate breakthrough as these discussions we fully expect will be difficult but we do believe these discussions with our partners and in turn are partners with iran is a healthy stepped step forward. speak to us a break he joins us now from tehran so i said what are we expecting to happen here what are the arabian saying about all this well the government spokesperson here

australia abandons its vaccine targets. the prime minister concedes not everyone will get their first jab by the end of the year. shery: u.s. futures at the moment under pressure after markets ended. another day at record highs. the s&p 500 surpassing the 4100 level. we have a few things to keep an eye on this week, with earnings season kicking off. jp morgan, morgan -- jp morgan, oldman. in the spotlight. blackrock, pnc, some others that you have to watch this week. let's turn to sophie kamaruddin in hong kong for a check of the markets. sophie: this monday, asian futures are signaling to gains. chip related stocks in focus after ev battery makers in south korea managed to reach a last-minute settlement in the u.s. presser. the way have and on the chip shortage later on monday. -- the white house on the chip shortage later on monday. osaka and okinawa from monday. the yen, 68. holding on to a weekly gain. the aussie dollar training flat out of the first week. seeing hedge funds turning bullish on the currency with long pos

plus you have australia and new zealand kicking off. on the terminal one area, closely watching china. while wrong very much on the radar. regulators said there was ample liquidity for the company. helping to soothe some risks around contagion. the prospect of a debt structure is not entirely out of the picture yet for them. haidi: let's get to our top story, their freefall in cryptocurrencies, bitcoin falling as much as 15%, the biggest intraday drop since february. others also fell by double digits. so-called alt coins like dogecoin. coming after the bitcoin rally setting a record high. coinbase ipo also started trading. su: the crypto world waking up with a bit of a sore head. the same mania if we dive into the bloomberg that drove bitcoin, the world's largest cryptocurrency to a record last week, appears to have turned back on the coin. it tumbled over the weekend. as you can see by the dramatic drop, down as much as 15%. it paired earlier losses in the past few hours. ether, the second-biggest jewel: come also dropped as much as 18

well still ahead here on al-jazeera quarantines free travel is back on the horizon between australia and new zealand we'll have those details coming up and the u.s. president faces a tough sell on taxes as he tries to offset the cost of his massive infrastructure plan to stay with us here on al-jazeera. it's time for the perfect gentleman the weather sponsored by qatar airways now residents of the gulf states will have noticed quite a strong winter the last 2 days it's the traditional show mild it will last well into tuesday and probably wednesday otherwise the winds aren't overly strong the suddenly being induced over saudi arabia. yeah and this brand here is the likelihood of light dust or sand being taken away to jolt and beyond that the picture is relatively free of cloud or showers and that includes most of turkey although western turkey in the aegean does see windy occasionally cheri weather now that's breezes died down quite a lot while the end of wednesday the temps are still hovering around the 30 baht and we've got something of a still developing iraq i think sandstorms a p

we have more to come on "daybreak: australia." this is bloomberg. ♪ haidi: let's take a look ahead at the day and australia and new zealand. australia's labor party is calling for a review of the objective and fiscal monetary policy possibilities. this is in response to economic weakness ahead of last year's possession. this comes as we continue to monitor the rollout of the vaccine. more than 700,000 astrazeneca doses were secretly flown into australia from the u.k. amid the ongoing blood clot concerns. our big interview in over an hour's time here we are speaking to the trade and tourism and investment minister, to talk about the travel bubble, much more. vonnie: you are watching "daybreak: australia." u.s. treasury secretary janet yellen expects president joe biden's proposed corporate tax plan to recoup to truly dollars in overseas profit in the next decade. she says the plan to raise taxes to 28% would be fair to all americans. and remove incentive for u.s. corporations to shift assets abroad. indonesian president's backing

a government of australia in living memory was dismissed because the governor general took the view that prime minister was acting beyond his power, even as an elected prime minister. there is a heck of a lot of tension here, isn't there, in this institution and its role in a modern world notjust in the uk but beyond it. i think that's exactly right. we perhaps have not touched enough so far about the strength i think it has been for the uk to have a head of state who is not the head of the government. you can attach all the pomp and ceremony to the head of state, and we have seen it outside buckingham palace this and so on. there is all that side of it, greeting other leaders. but the governments come and go underneath, such as the us president for example, people have very strong feelings about whoever is in power, all the ceremonies attached to that, that person goes and you start again. so i think there is a strenght, but when it comes to other countries, her role as head of state of other countries, i think there is a, as a long—standing movement, but i sense as it's getting more

it is putting australia behind, similar to taiwan. taiwan is in a similar situation to australia. slow rollout of the vaccine with good control of the pandemic to date. rishaad: what we look at what's going on at the moment, it is quite surprising that as of late we have seen the use finding that it is spreading like wildfire in that particular age group. nancy: we know that, although the young don't seem to get as sick from coronavirus, we certainly, unlike what we initially thought, we definitely get it. they are often asymptomatic, but they transmit it. the group that particularly transmits it are our teens. both because they get it in the social nature of their interactions in the multiple people they contact. so we know that children get it, and as more and more people become vaccinated, we have not started vaccinating kids, so that is going to be a reservoir and all of our countries, even if you have a high level vaccine. the children are going to be a reservoir into we have vaccinated them as well. haslinda: you get a feeling that it is one step forward, one step back, we a

lots more to come on daybreak australia. this is bloomberg. ♪ haidi: we have breaking numbers when it comes to metals. we are seeing third-quarter iron ore shipments. they met expectations when it comes to analyst extra meds. iron ore coming in at 42.3 million tons. expectations were shy of 41.9 million. first quarter costs when it comes to that, also a little bit higher than what we thought. 53.6 million tons. this coming as we continue to see upside when it comes to iron ore prices. robust demand and better margins out of china as well. we are still seeing full year iron ore shipments coming at 182 million tons. like much of the other iron ore players, maintaining their guidance. 3.5 billion to $3.7 billion there. we are continuing to watch that situation when it comes to australia and china. the rhetoric needs to be worn down for the trade relationship to improve as well. we are also seeing that australian iron ore shipments are near capacity as of that march time with that port operating close to full opacity. let's ge

the wave of says it will consider all available measures to stop them also coming up new zealand and australia create a quarantine free travel ball reuniting in person families and friends separated by the pandemic we'll take a look at the long awaited decision. hello i'm terry martin good to have you with us we begin with huge news in european football 12 top clubs from spain italy and england have announced the formation of a breakaway super league the midweek competition will be independent of european football's governing body the little super league is expected to be hugely lucrative and include europe's top moneymaking teams including manchester united ac milan and real madrid as well as the 12 founding clubs another 3 are expected to join before the 1st season which according to a statement will start as soon as practicable. well you wave has threatened to sanction clubs that take part in the breakaway league they released a statement saying quote the clubs concerned will be banned from playing in any other competition at domestic european or world level and their players could be denie

has been some _ world, australia as well. has been some -- _ world, australia as well. has been some -- held - world, australia as well. has been some -- held up - world, australia as well. has been some —— held up by the recent suez canal hold—up? that recent suez canal hold-up? that we miaht recent suez canal hold-up? that we might find — recent suez canal hold-up? that we might find out _ recent suez canal hold-up? that we might find out that _ recent suez canal hold—up? trust we might find out that there are containers in the wrong places. that has been a problem throughout the covid period. prices of those have shot up enormously from just a few thousand dollars. people are paying nine, ten, even $11,000 for a container to put debt —— put their hot tub in. for a container to put debt -- put their hot tub in.— put their hot tub in. anyone watching — put their hot tub in. anyone watching this _ put their hot tub in. anyone watching this in _ put their hot tub in. anyone watching this in the - put their hot tub in. anyone watching this in the uk - pu

shery: japan, korea and australia coming online. let's get straight to the market action with sophie in hong kong. sophie: i japan, -- in japan, household -- we are seeing stocks gained some ground. the nikkei 225 adding a third of a percent while the yen is little changed. jgb traders looking out for a 30 year sale this morning. south korea, getting closer to wednesdays elections. housing prices a massive sober point. this morning, waiting on the annual national financial report from the finance industry. the national financial debt set to rise. we have seen the kospi gain for tens of a percent. the korean yuan looking stronger, trading at mid-march levels. flipping the board, chinese markets back online. a private read on pmi do this morning. the offshore yuan trading longer this morning. the -- australia in focus. the aussie share market open higher by for tens of 1%. the aussie dollar is trading your a one-week high ahead of the rba decision while yields are looking pretty steady. the ten-year staying capped below the 183, 1 82

haidi: good morning and welcome to daybreak australia. shery: good evening from new york, i'm shery ahn. haidi: jp morgan and goldman sachs smashing estimates. a landmark moment for crypto. a 100 billion dollars valuation is public to view the euphoria. plus, fed chair jerome powell schedules out the exit play signaling a lasting scale. before any decision. shery: here is the picture on wall street, we are seeing futures rebounding after stocks fell from record highs. the nasdaq 500 with its lowest in three weeks. a drop below its opening price after direct listing. the s&p 500 down for tens of 1%. financials actually, surprisingly trading and dealmaking. at the moment under pressure. this after rallying to the highest level in four weeks. we have a bigger draw in crude. the likes of the iea and the eia as well. the dollar index was weaker against most g10 peers. haidi: i'll performers on the other side of that dollar weakness with the kiwi and the aussie dollar share. to look at the aussie, topping the g10 group, commodities also touchin

certainly in australia, we are aiming to do so is that with the eurovision fan club we are holding a pencil across australia and all the major capital cities, sydney, melbourne, adelaide, canberra and perth and brisbane where fans will get together and watch the live contest. i've been there twice and what struck me was a community, and many go year after year after year and i suppose one of the difficulties is frenzy may not see each other at any other time except it eurovision now have gone, maybe three years before they next meet up? definitely, definitely, i have friends in the uk and belgium and always wonderful to catch up and always wonderful to catch up with them every year at eurovision without eurovision family but it is tough but it's a situation we are in and we do with it best we can and, yes. cannot clarify, the flag over your shoulder, cannot clarify, the flag over yourshoulder, is cannot clarify, the flag over your shoulder, is that the unionjack? are you going for britain or as a part of the australian flag?— britain or as a part of the australian flag? it's part o

free travel between australia and new zealand is back on the horizon more than a year after new zealand shut its borders. now a u.s. police chief has testified that the officer accused of murdering george floyd broke rules on respecting the sanctity of life he says that should have been acted in a way that was against police training by kneeling on floyd's neck for more than 9 minutes on the streets of minneapolis unofficial reports now from the trial. are an important cultural moment when a police chief took the stand to testify against one of his former officers but data out of said the alleged crime george floyd committed passing a fake $20.00 bill. did not met it the initial response of guns drawn on the force used to restrain him was unnecessary once there was no longer any resistance and clearly when mr floyd was no longer responsive and even motionless to continue to apply that level of force to a person prone doubt handcuffed behind their back. that that in no way shape or form is anything that. is by policy is not part of her training and it is certainly not part of our ethics

haidi: welcome to daybreak australia. shery: good evening from bloomberg's world headquarters in new york. haidi: amazon delivers strong results as consumers continue to shop online. twitter tumbles on a difference -- on supporting revenue forecast. china's crackdown on tech continues peggy regulators impose wide-ranging restrictions on 13 companies including tencent and bytedance. chinese banks see profit margins squeezed as policy makers lean on lenders to contain debt. shery: this is the picture on wall street. u.s. futures under a little bit of pressure at the open after stocks rose to a record. a mixed bag of earnings from tech giants including amazon and twitter. the nasdaq 200 reversed two sessions of losses. the 10 year yield a writing to the highest in two weeks. u.s. economic growth expanding more than 6% in the first quarter. jobless claims falling to a fresh pandemic low. fed chair powell dismissing worries. we are seeing crude futures under pressure after oil rose to the highest since mid-march. let's see how