haidi: and i am haidi stroud-watts in sydney. asian markets just open for trade. asia is set for a big day after u.s. equities closed at an all-time. traders in korea are awaiting a decision from the bok, that is expected to hold its key rate. investors in china are unsure how to trade them after a sell-off accelerated this week. markets across asia were rocked. china hits back at claims of human rights abuses, as a court accepts a defamation lawsuit from a business which claims he was wrongly accused of using forced labor. we will be speaking to the german researcher adrian zenz, the target of that lawsuit. shery: japan, south korea and australia coming online. the nikkei led higher by utilities and energy companies. watch out for toshiba, which remains untreated right now of course, after we continue hearing more news about the potential buyout offers on the table. the japanese at the moment holding at the 108 level. we continue to see incredible strength for the japanese yen this week, rising to a three week high. watch out for those jgb's as well. we had the b

haidi: i am haidi in sydney. we are counting down to asia's major market open. asia stocks were lower friday as investors digested big results from the u.s.. amazon sailed past amazon -- estimates well twitter tumbled. chinese regulators imposed sweeping curves on 13 companies. and china's big banks see profit margins squeezed as policymaking there's leaned on lenders to contain debt. shery: breaking out of south korea. we are getting industrial production numbers for march. we are seeing a contraction of .8%. it is a contraction from a revised upwards number of 4.4% and growth in industrial reduction numbers. we did see another wave of infections affecting south korea in march so we had a recovery and a slump in march. this is coming out a when we see volatility in the numbers. we see growth of four point 7%, which is higher than estimates and also significantly higher than february. all in all, we are seeing pretty strong external demand for south korean goods. we have seen manufacture confidence rising in may with samsung leading expectations. quarterly growt

(upbeat music) haidi: good morning. i'm haidi stroud-watts in sydney. we are counting down to asia's major market open. kathleen: i'm kathleen hays in new york and welcome to "bloomberg daybreak: asia." the global economy might see its fastest growth in more than a half century with the u.s. and china leading recovery but the imf warned prospects are diverting dangerously. republicans pushback against president biden's massive stimulus program saying it will hurt american jobs. they want a plan scaled-back by more than two thirds. japan could be ready to expand its state of emergency to contain virus infections. the prime minister says all possibilities are being considered. haidi: let's take a look at how we are shaping up with this very -- this holiday seeing a quiet start to the week. sophie: a lot of markets in the asia-pacific closed for the easter break, but japan and korea will come online later. nikkei futures pushing higher and building into this week, wti coming under pressure after the opec-plus decided to gradually ease supply curbs. that's

haidi: right. basically, to counter the $20 billion investment from intel, you would expect the likes of samsung would have to spend more and invest more? kiranjeet: exactly. shery: great insights, thank you so much for joining us. coming up next, tokyo to stock exchange suspends shares, where they are considering buying a stake and taking a private. the detail ahead. this is bloomberg. ♪ the detail ahead. this is bloomberg. ♪ vonnie: this is "daybreak: asia." i'm vonnie quinn. president joe biden formally announced all americans over the age of 18 will be eligible for a vaccine by april 19. right in spoke at the white house on the estate of the efforts in the country, warning the u.s. is still in a life-and-death race against the virus. he warned while there has been progress, there are variants spreading quickly. pres. biden: there is a lot of good news but there is also bad news. new variants of the virus are spreading, and they are moving quickly. cases are going back up. hospitalizations a

haidi: the u.s. senate has introduced a new bill which directs the government to adopt the policy of strategic competition with china to protect what it calls america's vital interests and values. let's get more with our congressional reporter. this was a 280 plus bill. -- 280 page bill. what does it do? >> there was a lot. it was a comprehensive plan to work with china going ahead. it sees infrastructure investments, technology investments to compete, but it also focuses on defending international property and would strengthen arms control measures with allies, so really, really broad ranging legislation here. it is important to note that this bill was a bipartisan and worked on by the senate foreign relations panel and senate leader chuck schumer has already highlighted this bill as a priority to pass in congress. >> the u.s. is also adding several chinese supercomputing firms to this export ban list. >> this is that list that prohibits american firms from doing business with these companies unless

haidi: we have breaking news. european soccer clubs announced a new super league competition, a group of the world's richest soccer clubs including manchester united and real madrid announcing plans for european breakaway league. it could herald the support's biggest shakeup in decades. six names from england, three from italy and three from spain have signed up so far. they will play each other midweek as an alternative to the champion's league. again, european soccer clubs announcing a new super league competition. shery: tesla model s vehicle that appeared to be driven by no one crashed and killed two passengers in texas. the car burst into flames after hitting a tree, highlighting criticism over tesla's battery packs and its autopilot feature. let's go over to kevin miller for the details. teslas have crashed before. what makes this one so unusual? kevin: what makes this one so unusual is when the police and rescue got to the scene there was no evidence that there was anyone in the driver's seat. the two dead

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

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 a fire hit the plants on april 19 and this -- broadly speaking looking at asian stocks, they could cap a tw

haidi: these are our top stories. former minneapolis police officer derek chauvin is found guilty of murdering george floyd. democratic leaders and community leaders are welcoming the verdict that ignited a racial reckoning in the u.s. the pandemic weighs on markets. asian stocks set to track a second day of declines. plus the pandemic boom comes to a halt for netflix. shares are tumbling well short of analyst estimates. shery: here is the picture on wall street. we are seeing u.s. features -- u.s. futures under a bit of pressure. energy and financials led the decline. smaller companies also led the declines with the russell 2000 falling more than three times as much as the s&p 500. investors a bit more cautious as earnings season cranks into high gear. the 10 year level dropping to the lowest in five weeks, so we have the dollar rising for the first time in seven sessions. we have breaking news at the moment. we are getting a few more headlines of teams withdrawing from the super league. arsenal is said to be withdra

haidi? haidi: xi jinping is expected to give a keynote address in the next hour. we will tell you exactly what he is likely to say about the challenges the world is facing. plus, the shanghai auto show well underway. we will get perspective on the mainland car industry. stay with us. this is bloomberg. ♪ shery: chinese president xi jinping will be delivering a virtual keynote speech later today. he's expected to touch on the risks the world is facing and what solutions his country is offering to overcome them. that comes as top officials and business leaders have addressed everything from monetary inflow to 5g to a digital you on so far. let's bring our chief asian correspondent in david ingalls. what are you inspecting? >> two decades. that's how old i am. i have been going to boao for 17 consecutive years. obviously last was canceled. this year it is more limited. we have about 2000 participants on-site at the bfa hotel there. this has been a forum for about 20 years. some say it is not quite as prestigious as the world economic forum. what i have found, thoug

haidi. haidi: we do have some more lines coming out from the fed. this time coming from boston fans -- saying they are taking the risk of not getting to inflation to 2% seriously. they are making these comments in a bloomberg news interview, saying that he's reasonably confident on inflation will be at 2%. they will take risks seriously. the boston fed leader is not currently a voting member of the federal reserve market committee but of course, at the last meeting, they maintained their near zero short-term interest rate setting, penciling expectations we will not see a rate hike until 2023. we heard from jay striking an optimistic tone, saying we are at an inflection point when it comes to the economic recovery. we will be monitoring policy settings very carefully. he has reasonably confident on inflation being at around 2%. 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 a

haidi. is great news, of course. it is showing finance is a great career destination for women. we are making progress. we see here in australia there has been a number of key roles made and women hold 30% of board seats in finance and banking entities here in australia. haidi: what is the barrier to increasing that number to true equality? >> i guess what we look at is the pipeline. although women have formed the majority of the workforce and the banking and finance sector for a number of decades now, over 50% of the workforce is female, we do not see that transiting to key executive positions. still only one quarter of key executive positions are held by women. just over 30% of board seats. that is really an issue to do with how we keep people moving through the pipeline and how we create opportunities and really howie -- really how we, the risks we take on women compared with men. shery: the president in australia has been angry about women in politics. how much to that charge the movemen

haidi: a very good morning and welcome to daybreak australia. shery: good evening from bloomberg's world headquarters in new york. haidi: australia cancels belt and road deals with china saying they're inconsistent with the country's foreign policy. beijing calls the move unreasonable and provocative. australia is under fire over its climate change policy. the biden administration say the plans are insufficient and is pushing scott morrison to set more ambitious targets. shery: this is the picture across wall street. we are seeing u.s. futures under pressure after stocks rebounded in the new york session. that is reversing two of losses. we had row material, energy and financial shares leading the charge. the russell 2000 outperformed. they have been trailing the major benchmarks this month. bloomberg intelligence say the revenue is set to grow by 8.7 percent, beating the s&p 500. we had the dollar falling again. all eyes were on the loonie. performing all of its g10 peers. unchanged at the moment. this after surging when bank of canada took a h

haidi: still ahead, health in focus. coming up next, the economic gap between china's northern and southern regions. we discussed the implication for policies and growth. this is bloomberg. ♪ shery: the economic divide between china are prospered -- china's prosperous southern region and lagging northern region will continue to grow. the split will have huge implications for growth, debt, and policymaking. the pandemic further worsened regional disparity. let's bring in our greater china executive at her. when we talk to economists, they continue to point to the uneven recovery happening in china. how serious is this? john: this is a problem that existed before the pandemic. the north of china, back during the revolution when the communist party took over in 19 29, that was probably economically the strongest part of china. it had cold. it had steel. as time has changed, that focus has moved on to tech and the consumer and other parts of the economy, so the north has really lagged behind. moving forward with this goal

haidi: the market opens in sydney. this is bloomberg. ♪ >> i'm kathleen hays. haidi: and i'm haidi. welcome to daybreak: asia, our top stories this hour. asian stock the boys to gain, listed by an optimistic fed while keeping rates on hold. president biden is set to deliver is $1.8 trillion plan for american families in the first speech of the joint congress. plus, investors consider positive news. katheleen: let's get a look at how the markets are doing in asia with sophie and hong kong. -- in hong kong. sophie: japanese markets are closed thursday, in sydney stocks are opening to the upside, keeping a close eye on commodity players. [indiscernible] they say it is still on track to hit targets for annual output. also keep an eye on steel stocks, this after china slept taxes on a range of exports from the mainland. we are seeing shares game about one points of percent this morning. check out the aussie dollar. the dollar holds losses sparked by the fed's decision, remarking on an improving economy. cash treasury openings levy higher, 10 year yields below that 161 level. check out th

haidi: of course, there's australia. the biden administration has already said that the commitments canberra has made are insufficient. is the global pressure likely to have an impact? ali: it certainly will. from the media coverage that we have seen, it's unlikely that the prime minister will announce any new or ambitious target. he will probably talk about investment in hydrogen. additional pressure from the u.s. 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

haidi. haidi: still ahead, we will be speaking to the australian payments player. the coo with his outlook. lewis lau and why he sees a more compelling buying opportunity in china later this year. he is with us my next. this is bloomberg. ♪ shery: the rotation into value continues. our next guest says they still have more room to run. joining us now to discuss is portfolio manager lewis lau. always great having you with us. we are seeing this rotation but at the same time, a little bit of stalling. this gdp chart on the bloomberg shows how that rotation from growth to value has sold in asia. when it comes to developed markets, we are also seeing that completely reversing in the last two weeks in the top panel. where do you still see the opportunities? >> you are in for maybe a little bit of a brief reprieve in the rotation but if you look at inflation, it is still headed higher, both in developed markets and emerging-market. vaccinations, economic reopening scum i think it's highly likely that the value rotation will still continue into 2021. areas like basic mat

haidi: very good morning and welcome to daybreak australia. we are counting down to asia's major market owner opens -- major market opens. shery: i'm sherry on. haidi: the top stories is our, credit takes into that's takes a hit from the fiasco. at u.s. stocks on the slowest trading day of 2021. investors grapple with wild rotations awaiting the start of the earnings season. and, analysts see the new galaxy s 21 line-up boosting first quarter earnings. shery: this is the picture and wall street, u.s. futures holding steady. we have the s&p 500 down a 10th of a percent, offsetting some of the gains in retailers. we also have philadelphia semiconductor index falling to a one-week low. the dollar also weaker. we have the bloomberg dollar index and a two week low. oil right now, reinforcing some of the games we saw in the new york session. reported by a wider economic outlook which protected the best global growth in four decades. haidi: we are looking like were setting up for a steady start to asian trading. sydney futures looking mildly positive

haidi: our greater china executor. coinbase went public last week scented bitcoin tumbling the most since february, the galaxy digital founder said in a tweet on sunday, that with hindsight, it was inevitable markets got too excited, coach going were all signs of the market going to one-way. he spoke to bloomberg about where he sees the potential in the crypto grays. -- praise. -- craze. >> i think bitcoin has had it cycle. we had a crash in 2017, and now we are on a massive adoption cycle. bitcoin i think is going higher. same thing with ethereum. had went from 1300 to 80, now it's all the way back. the amount you need to spend to use it is going lower and lower, use cases going higher and higher. the bulk of nft's are being built on a theory of. the book of central bank stable coins are going on ethereum. a lot of the other projects are being built on ethereum. it's going to get out like a network. the more people that use that number, the higher the price is going to go. in the nft space we have some easy prices. th

haidi: good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. we are counting down to asia's major market open. shery: good evening. i'm shery ahn. haidi: these are our top stories. alibaba says thank you to regulators after getting slammed with a $2.8 billion fine. we take a look at what the penalty means for the future of big tech in china. jerome powell says u.s. is posed to struggle as the covid-19 remains a threat. 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 afte

haidi: always the devil in the details. you have gone through aspects where the suga administration has been bold on a geopolitical platform cents since he has taken power. what about trade? will the tpp come up? and this idea of japan being a bridge between washington and the rest of asia, does that play out in terms of reestablishing the trade and commerce relationship? professor mccarthy: no question the tpp will come up. suga has made it quite plain he strongly helps the biden administration will support his tptpp, the new iteration of the tpp. suga has made it no secret this is what he is seeking treatment for the biden administration, this is going to be difficult. they have made it clear their foreign policy agenda is 14 the middle class of the united states, and middle-class americans have felt they have not been best served by globalization. they have concerns with regard to signing on for more trade agreements. so this is going to be a tough sell, and if the biden administration does make a commitment to the cptpp

haidi: good morning and welcome to "daybreak: australia." i am haidi stroud-watts in sydney. we are counting down to the major market open. shery: good evening from bloomberg world headquarters in new york, i'm shery ahn. haidi:haidi: these are your top stories. indonesia's president slams richer nations for vaccine nationalism. in a narrative -- in an interview, he warns the pandemic will not end unless all countries are treated equally. immunization campaigns could be hit by growing concerns over astrazeneca's covid shot. the eu regulator assigns a strong association between the vaccine and rare blood clots. u.s. stocks rise after the fed refrains from signaling changes in the bond buying program anytime soon. that as treasury secretary janet yellen stepped up her sales pitch for president biden's proposed tax code. shery: this is a picture across wall street. u.s. futures extending gains after fluctuating throughout regular session. we had stocks higher with the s&p 500 being led by communication as tech stocks are falling from secretary -- falling from highs as secretary

haidi: always great to have you on. coming up next, microsoft's potential $16 million bet on ai and voice technology. an acquisition of a company that laid the groundwork for the series. this is bloomberg. ♪ shery: here's a quick check of the latest headlines. lg energy has settled there to avoid a 10 year input ban of the batteries into the u.s.. sg innovation has agreed to pay a one point $8 billion settlement. the agreement will save as many as 6000 jobs in georgia, as well as the rollout of foreign and electric vehicles. a chinese ride-hailer is said to have a u.s. ipo, which could value the company up to his much as a hundred billion dollars. goldman sachs and morgan stanley have an underwriter, also the card for a later time. they are backed by $1.5 billion loan to shore up capital have the listing. travel loca reportedly going public in the coming months through blank check company is kickstarting a coming out party for southeast asia tech centers. they are set to unveil a listing at more than $34 billion. list

haidi: we are staying with china. china's president will be delivering a virtual keynote speech at the forum later on tuesday. he is expected to touch on the risks and challenges that the world is facing. what solutions his country is offering. this comes as business leaders have addressed everything from monetary inflows to 5g. let's bring in our chief north asia correspondent david ingle. set the stage for us. what is the president likely to touch on? -- stephen: last year was the first time in 17 years i had not attended because of the coronavirus outbreak. i'm not there again this year, obviously because it's semi-virtual and semi-live. it is an opportunity for china to show that they are open for business, and they are welcoming international opinions in international inflows. when xi jinping speaks every year or two, they alternate between xi jinping giving the opening keynote in the premier. when xi jinping speaks, when he is there, it usually attracts much bigger names, including the chairman of big own state

haidi: good morning and welcome to "daybreak: australia." i am haidi stroud-watts in sydney. we are counting down to the major market open. >> good evening from bloomberg world headquarters, i'm kathleen hays. haidi: these are your top stories. apple smashes estimates on surging demand for its devices. the iphone maker raises dividends and boosts buybacks by 90 million. samsung releases its results in the next hour. the third hold steady as the economic recovery is strengthening. asian futures and bonds rise, howell reassures investors that the central bank is in no hurry to tap the break on pandemic support. president biden prepares to pitch his spending plan to congress. he will declare that the u.s. has turned a corner on the crisis, while saying the middle class, not wall street, built america. kathleen: let's get a check on wall street. an active day. you can see the stock. futures, the s&p 500 pointing a bit higher. kind of a mixed day. the tech earnings after the bell are going to give us a strong look in the futures are opening, which they should be doing shortly. on

haidi: always good to have you with us. we will have more when it comes to the outlook of the banking sector. this is bloomberg. ♪ haidi: japan is echoing calls from the u.s. to for china to reduce greenhouse gas emissions and of global climate talks later this month. japan has pledged a net zero goal by 2050. the environment minister spoke at the bloomberg any a summit about the changes the countries making. >> the government is also moving fast. we recently submitted a bill to amend the climate change law. this will grant a legal basis of political continuity to the climate course. >> renewable energy generation has been growing since 2012 in japan. so how much would japan want to revise up to achieve net zero and the upcoming policy? >> japan's renewable energy supply has the potential to be doubled. in order to fully realize this potential, we have promoted the introduction of energy in the bill, to amend the climate change law. going forward, the environment will encourage renewable energy to meet the public demand f

haidi: we do have some breaking news. the increasing amount of private equity and the company, shares rising to 7.1% in the earlier part of the tokyo session. we are hearing they are mulling bids, we are seeing that stock up off session highs. still up by about 5%. we did hear that a private equity firm is looking at an offer for toshiba according to a person familiar, this coming after a $21 billion buyout proposal it already received from cvc capital partners. we are hearing that canada's brookfield asset management is in the plural marriage stages of its lori and offer as well. this will get really interesting. we are hearing reports of a potential change at the top in terms of the executive shakeup expected at a board meeting later today. coming up next, brazil is trying to put a lid on rising inflation without hampering the economic recovery. we will hear exclusively from the central bank president next. this is bloomberg. ♪ haidi: we are seeing the dollar gaming -- we also had the first quarter gdp data at the top

haidi: 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. welcome to "daybreak australia." derek chauvin is found guilty of murdering george floyd. mechanical leaders are welcoming the verdict in the killing that ignited a racial reckoning in the u.s. president biden is expected to speak soon. tokyo could see its third state of emergency. the governor -- to act on a new surge of infections. asian stocks set to track a second day of wall street declines as rising virus cases overshadow solid corporate results. plans for a super league are crumbling after all six -- fall out. haidi: lots of news flow today. let's take a look at how we are setting up for asian markets. what have you seen? sophie: s&p e-minis lower. you have india and vietnam sitting out this session. india reported over 200 thousand new daily cases over the past six days, leading the resurgence in virus infections in asia which will likely test the resilience of service sectors in the region.

haidi: a keenly awaited update from credit suisse. the bank starting to unload some of those stocks related to the big luck trades that did so much damage to the related parties. don't miss a big interview coming up. dell technology's aipac president. we will be speaking with the renew power management director about the renewable energy space in india and his plans to list on the nasdaq thrace back -- through a spac. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entir

(upbeat music) haidi: good morning. i'm haidi stroud-watts in sydney. we are counting down to asia's major market open. kathleen: i'm kathleen hays in new york and welcome to "bloomberg daybreak: asia." the global economy might see its fastest growth in more than a half century with the u.s. and china leading recovery but the imf warned prospects are diverting dangerously. republicans pushback

this is bloomberg. ♪ haidi: u.s. stocks climbed to record highs, bond yields, higher forecast rising inflation. markets also with the negative exposes while the pandemic front, that cause the johnson & johnson coven vaccine amid concerns of blood clots. great to have you as always. our investors shrugging off the negative news? are they concerned about potential speed bumps in the vaccination rollout now that we have had adverse events associated with at least two vaccines? >> thanks for having me with you. the market is sort of separated from the news we heard today. things moving the market are epic financial stimulus and support for fiscal and monetary policy. we have had the speediest recovery ever. investors are looking at that. we are seeing opportunity, gdp growth expected to be positive. a lot of momentum for moving the market forward. in terms of today's news, is not reassuring, particularly for the patient's out there. if you look at the number, it is less than one in a million, not to say that is not signi

haidi: your top stories, u.s. stocks rallied for record after solid economic data and signaling the recovery is gaining momentum. investors also i a rate decision in australia. treasury secretary janet yellen calls for a global minimum tax rate. on the global state she signals out china say washington needs to level the playing field. and the g20 may set a debt suspension initiative, we speak exclusively to the chief economist carmen reinhart. shery: across wall street, finishing at record highs. discretionary communication stocks leading. the nasdaq 100 seeing its best in three weeks. we have reaction to blowup data after the holiday weekend and the friday report showing players out of the most jobs in seven months. also today eyes and data showing the u.s. services industry expanded at the fastest pace on record. we are seeing buyers kisses rising around the world. wti selling in the regular session now rebounding a little on ahead of talks on the iran nuclear deal. we are watching these lines on the bloomberg n

haidi: let's bring in u.s. finance editor, sally. how significant is this for wall street and beyond? sally: it is a big step. jp morgan is the biggest u.s. bank, and dimon they saying they will be back in july under a 50% occupancy cap, but it is this to strongest language, where we are saying, we do want you to come back. it is significant because other financial institutions may take their cue from this now, and the expanded approach. of course, don't forget the wall street ecosystems that will feel the reverberations of people coming back in the office. and with that growth and recapturing. wall street has been itching for this to happen for a while and steadily encouraging employees to come back. goldman ceo called working from home an aberration, but it is not a surprise, but it is the signal for wall street intention. haidi: what kind of challenges with a face in trying to achieve this? >> it is going to be a big adjustment to suddenly return to office. how banks handle the vaccine, but strongly urging employees to do it, and

. ♪ ♪ 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

haidi: i am haidi straight -- haidi. u.s. equities edged to another record, and investors are looking at the next meeting from the fed. indonesia saying that there is vaccine nationalism and saying that he sees no end without equal access to inoculations. rising inflation amid a spike in covid cases. our exclusive interview is later the sour. shery: japan, south korea, and australia coming online. let's turn to sophie for what to watch. sophie: in japan, we are seeing moves to the downside, off by one third of 1%. we are also waiting on retailer earnings and also watching for any details regarding the potential repositioning of stricter virus curves in tokyo after infections rose to a two-month tide. jgb traders have a five-year option to watch out for when it comes to the dollar yen staying below 110. worrying about complacency given that the move could be higher for the pair. nissan today that the carmaker will be reducing auto production in light of the ongoing chip shortage. toshiba shares on watch this on the back of the

i am haidi stroud-watts in sydney. we are counting down to the major market open. >> good evening from bloomberg world headquarters, i'm kathleen hays. haidi: these are your top stories. apple smashes estimates on surging demand for its devices. the iphone maker raises dividends and boosts buybacks by 90 million. samsung releases its results in the next hour. the

haidi: a very good morning and welcome to daybreak australia. shery: good evening from bloomberg's world headquarters in new york. haidi: australia cancels belt and road deals with china saying they're inconsistent with the country's foreign policy. beijing calls the move unreasonable and provocative.

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

. ♪ haidi: good morning and welcome to daybreak australia. we are coming down to asia's major market open. shery: good evening from bloomberg's world headquarters in new york. haidi: the zero top stories this hour. a bloomberg scooper reveals the u.s. will hold off on naming china as the currency manipulator. it allows the biden administration to sidestep a fresh clash with beijing.

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.

. ♪ haidi: good morning and welcome to "daybreak: australia." i am haidi stroud-watts in sydney. we are counting down to the major market open. shery: good evening from bloomberg world headquarters in new york, i'm shery ahn. haidi:haidi: these are your top stories. indonesia's president slams richer nations for vaccine nationalism. in a narrative -- in an interview, he warns the pandemic will not end unless all countries are treated equally.

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.

haidi: very good morning and welcome to daybreak australia. we are counting down to asia's major market owner opens -- major market opens. shery: i'm sherry on. haidi: the top stories is our, credit takes into that's takes a hit from the fiasco. at u.s. stocks on the slowest trading day

haidi: good morning and welcome to daybreak australia. we are carting down to ages major market opened. these are your top stories this hour. hitting a record high, investors debt rising inflation working to slow stimulus measures. the acceleration continues to pressure policymakers.

haidi: your top stories, u.s. stocks rallied for record after solid economic data and signaling the recovery is gaining momentum. investors also i a rate dec

haidi: these are our top stories. former minneapolis police officer derek chauvin is found guilty of murdering george floyd. democratic leaders and community leaders are welcoming the verdict that