shery: welcome back today break asia, i'm shery in new york. we want to welcome bloomberg television viewers and radio listeners all over the world. we have continued to see accelerating inflation pressuring policymakers and brazil. the central bank has signaled more rate hikes to come despite the economy still reeling from the fallout of rising infections. joining me now is the president of brazil's central bank. great to have you with us, thank you. >> thank you for the opportunity. shery: let's get a cup -- must get started with a conversation of rate hikes. right now, pricing in a rate above 6% by year end. what do you make of this? >> i think it's important to understand the market pricing. when you look at interest rates for which you see, it's referring to a fiscal premium. there has been a very big fiscal expansion. similar to the gas prices, we see that. for us, we would look at inflation. looking at inflation is where we are trying to give all of the explanations. shery: economists are also projecting rate above 5%. will the bank need

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. the announcement of the travel bubble later with new zealand. we are seeing changes at the moment,

shery: let's delve into that. there is a shift in capital flows as to -- as investors differentiate between countries handling the pandemic well and those that are not. thank you so much for joining us. wary seeing the flows going -- where are you seeing the flows going? we know the pandemic is raging across india, not to mention southeast asia has not done much better. >> good morning, shery. thanks for having me. investors are looking to north asia. where a large economies like south korea, taiwan, and china have been doing quite well in controlling the pandemic. we see this in the first quarter gdp numbers. shery: what are you seeing in terms of the earnings results that we are getting from all these economies? could that help offset the weaknesses coming from the health crisis? >> it is certainly very specific. so far in the first quarter, were not through yet, but if you look at i.t., specially hardware, the earnings have been very good. several places beat expectations due to top -- due to tight supply in th

shery: welcome to daybreak asia. asian stocks -- in the u.s., text daca -- tech shares led the way down. the chinese president is hours away from addressing the form, addressing challenges for the post-pandemic world and offer solutions from china. big finances lining up on both sides of soccer, said to be weighing out a new deal while jp morgan is backing the top club as it looks to break away. haidi: let's take a look at how markets are heading up today. sophie: asia and futures mostly lower. makes one having a capital rate to edge out rivals. rio tinto out with fourth quarter production updates and in australia, astro pay -- we have a rate decision from indonesia and meeting minutes with the aussie dollar trading at a one month high. nikkei futures are little changed as markets consider the potential to declare a state of emergency. fresh records in india and new delhi, the country has lowered the vaccination age. spe munis edging higher and the dollar holding losses after a six week low. lti adding about a third

shery: welcome to daybreak: asia. our top stories this hour -- cryptocurrencies plunged as the mania surrounding last week's coinbase listing goes into reverse. looming regulations from the u.s. spook investors. in asia, talks with several countries as they look to get foreign visitors back to the islands by july. you'll hear exclusively from the tourism minister. we are live in shanghai with china's biggest auto show. the spotlight on electric vehicles as recovery accelerates in the biggest auto market. haidi: let's take a look at how we are setting up, go to the trading week, things are looking buoyant so far in asia. >> more like a mix to start in asia, we are keeping a close eye on crypto space, given so we saw in bitcoin. there is cryptocurrency turnover rising over the past month. what we are seeing with bitcoin prices has regulators considering speculation about that. the secondary listing in hong kong, after rates of $1 million, the yen holding below 109, when it comes to those figures, japanese exports expect

shery: and good evening from new york. haidi: bitcoin tumbles as the media surrounding last week's coinbase direct listing goes into reverse. ether and other digital tokens also slide while china says it has no desire to replace the dollar with its digital yuan. asian stocks set to start the week at record highs, despite mounting concerns about the new covid-19 variants. plus, indonesia aims to get foreign visitors back to its islands by the end of july. we will speak exclusively with the tourism minister. tom: electric vehicles are in the spotlight and recovery in the world's biggest auto market accelerates. shery: this is what is happening on wall street. u.s. futures under pressure after finishing at all-time highs. oil also giving up some gains after the biggest weekly gain since march. take a look at the week ahead. earnings season cranking up. credit suisse, netflix and u.s. airlines, including united airlines reporting. apple's first product unveiling of the year will be streamed through its website on tuesday. we a

shery: welcome to daybreak asia. our top stories this hour, a start to the week after jay powell/prospects of stronger growth and hirings in hong kong and japan are pointing higher. alibaba says thank you to regulators after getting slammed with a record fine. the penalties could have been much worse. and, we look at the bleak picture of the emerging markets with virus cases continuing to surge in india. let's turn to sophie very check of what to expect across asia trading. >> we could see tepid gains for asian stocks. this after fighting losses led by china and tech losses in the region. still, vaccination in tokyo, osaka, now on this monday, fed chair jay powell flagging the biggest risk to the economy as a resurgent spread of this section. we are waiting as well, you have the s&p ahead after benchmarks capped a three-piece rally on friday. the dollar is trading flat. we see a curve to the 10-year note -- 10 year yield, adding about five basis points. the rpi is expected a jump to record high. taking a picture of t

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 gold rising to the highest since late february, on track for a second straight weekly gain. . haidi: let's see how asian markets are shaping up, looking ahead to the start of trading in australia, closing at a record high. we are seeing futures, up .25%, earlier gain of .2%, we will get into the open and we are watching the aussie dollar intently as we head into china gdp day with dollar weakness playing out across the kiwi and aussie dollars in the overnight session. kiwi stocks are up .25% and pretty positive going into the start of trading in full. and in tokyo as w

shery: welcome to "daybreak: asia." from new york, i'm shery ahn. haidi: i am haidi stroud-watts in sydney. asia's major markets have opened for trade. our top stories this hour. asian benchmarks headed for a steady open amid a positive global rally which drove stocks to all-time highs. samsung shares should get a boost with earnings beating estimates. south korea's president could oversee his party's biggest feet in five years. surveys show moon jae-in's democratic party trailing conservative rivals in key races field by public anger over 4 -- over soaring property prices. shery: we have japan and south korea coming online. the nikkei now, unchanged at the moment. we have real estate and communication stocks leading the gains. have care and on the index as the japanese yen hold steady below the 110 level against the u.s. dollar. one company we are watching is toshiba in japan. it suspended trading now. they have confirmed they have received an initial buyout offer. there was news that capital partner was considering buying a major stake in the cong

shery: let's talk about challenges you see ahead. do you expect inflationary prices to affect you at all? we have seen freight costs going up. >> yes, we are seeing some inflationary pressure in ocean freight and cost of material, but this is factored into our long-term planning, and even with inflation, we are still projecting growth for the year. this would be continued without momentum, and our goal is to continue to accelerate growth and improve profitability. the first quarter 2001 was the good consecutive quarter of seeing double-digit growth in our top line, so there is a consistent, continuing momentum in our business, and we believe that to be able to maintain our momentum this year even with inflation. shery: i think lots of people are asking about some content, if it is a barbie movie or some mattel movie coming up. can you give us an update on that marriage between production content and toys? >> we recently announced another project from the house of mattel films. an action movie, a very exciting project. this is number

shery: i am haidi stroud-watts in sydney. shery: i'm shery ahn in new york. welcome to "bloomberg markets: china open -- "daybreak asia. a muted open after tech heavyweights. also that shares jump as sales beat estimates. microsoft slips with results missing top and projection

shery: anything on taking on samsung? ed: it plans to spend $20 billion to bring additional capacity for chips to the united states. taiwan semi conductor dominates the manufacturing of semi conductors. the actual making of the chip. the question was posed to the ceo, will kind of visit do you want to have? do you want to make ultra niche products or do you want to be like tsmc and make whatever the customer brings to you? he says they do just do not know. part of the issues is some of the biggest customers are starting to design their own chips. they are looking to tsmc to manufacture them for them. intel wants to win the business back both on the ip side and the foundry side. shery: ed ludlow, bloomberg's west coast reporter with the latest on intel. here is a quick check of other is ms. flash headlines. snap reported quarterly revenue and daily active users that beat expectations. more consumers using its app. sales jumped 66%. snapchat reported 280 million daily active users. a 22% jump from the earlier. gladstone is

shery: i'm shery ahn. 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

shery: i am shery ahn in new york. welcome to "daybreak asia." beijing is set to lose its currency manipulator tag. a bloomberg's group reveals the u.s. will drop the designation for china as the biden administration reverses trump error policies. first alibaba and now ant,

shery: good morning. paul: the world pledges aid for india, with one million new virus cases in the past three day. the u.s. will send raw materials for vaccines and step up financing, joining european countries and trying to stem the outbreak. asian stocks set to kick off the week on a front foot after strong earnings in the u.s. investors will also be taking cues from the fed. the state owned bad debt manager says it is delaying again, needs more time to process results. shery: u.s. futures unchanged at the open, after we saw u.s. stocks gaining on friday on the back of strong economic data, output and service providers reaching a record high. wpi, not a lot of movement at the moment after a weekly loss, we had strong eco-data from the u.s. and europe, and also supporting prices on friday. india is weighing on sentiment. we have tech stocks kicking of earnings this week. microsoft, facebook, apple, also twitter and amazon this week. watch out for a meeting midweek. we have the u.s. first quarter gdp num

shery: from new york, i'm shery ahn. paul: d top stories this hour, tesla disappoints wall street despite profits. and strong demand for the model three that leads to deliveries. broader earning season boosting stocks, u.s. openings hit a record high. investors also awaiting reports from two big banks, looking for cues on hsbc, whether they can shake off the archegos debacle. plus, china widens its crackdown on tech. shery: this is the picture across wall street, we are seeing u.s. futures holding steady at the open after stocks climbed to a record high. most of the industry groups on the s&p 500 went higher. energy from consumer discretionary led the rally. russell 2000 outperform more than three quarters of the s&p 500. 10 year yield hovered around 50 day moving average. we had wti retreating in the new york session, the demand from india stalling. amid the ongoing surge of the coronavirus pandemic offsetting the surge from the technical committee. >> sharon, this tuesday, kiwi stocks are back online trading higher. el

shery: we have breaking news. one of toshiba's largest investors is calling on toshiba to run a strategic review after private equity firm cvc capital proposed taking the company private. we are talking about investment partners which owns more than a 7% stake in toshiba, sending a letter to the company's board saying they believe running a full and fair sales process is essential to building trust for investors after a tumultuous period that involved the resignation of a chief executor. we will be watching the story as it unfolds. going back to the impact of the surging virus cases around the world, our next guest says the ongoing infections could lead to permanent damage to potential outputs. let's bring in the goldman sachs chief asian economist. always great to have you with us . we were talking about india earlier, but we know japan is now in his third state of emergency. what is a long-termers for these economies? -- long-term risk for these economies? guest: the longer the lockdown stay in place the more po

shery: great having you on. looking for any clarity on the state of china huarong finances on its details of its overall plan. our executive editor is joining us now. we have already seen the spill over into other high-yield chinese dollars and credit risk across asia rising. it is a bit of concern here. reporter: contagion is definitely a concern. it is shaping up to be the ultimate test of china's capital market. we know the authorities are encouraging more defaults in the financial system or at least they are more willing to stomach them. they are trying to wean investors. they want better pricing in their bond markets and they want to mature the market and of course huarong is the ultimate s.o.e. it is majority owned by china's government ministry. it has a left of debt outstanding. this is one of the most highly -- there's one other thing that makes a big test for china's capital market and that is the fact that the bonds that are under scrutiny, with something in agreement. this is basically credit enhance

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 touching the highest in about four weeks. in terms of the

shery: plenty more to come on daybreak australia. this is bloomberg. ♪ shery: chinese antitrust regulators have put most of china's largest internet platforms on notice to curb anti-competitive behavior or face a similar crackdown as alibaba. our chief north asia correspondent takes a closer look at how quickly things have changed in a new bloomberg television special, red lines, china and big tech. >> companies like ours, we invest more than 15% of our total revenue every year to do r&d. in the meanwhile, i think antitrust is also good for innovation. you cannot imagine the number one and number two guy gain 90% of the share in the u.s. that happens quite a few times in china. that is not good for innovation. the antitrust approach is kind of justified chain >> one way they grew their girth was by pouring billions into many of china's next-generation tech unicorns. sometimes even cross investing in the same startups. it further inflated the big platform's offerings but arguments could be made on both sides whether the m&a closed o

shery: former -- shery. shery: derek chauvin has been found guilty on all charges. he kneeled on floyd's neck for more than nine minutes. our reporter is on the ground in minneapolis. we have seen concerns about protests. more than 3000 national guard troops have been activated. what is the situation right now? >> -- shery: again, do you hear us? right. we are waiting to hear from her on the ground from minneapolis as we have protesters or people right now in fact just gathered across minneapolis after that verdict on former police officer derek chauvin. he was found guilty of killing george floyd on all three counts. second and third-degree murder and manslaughter. we will get back to our reporter on the ground as soon as we can, but for now, let's turn to vonnie quinn with the first word headlines. vonnie: in other news, tokyo governor -- says she will ask the government to declare a state of emergency as soon as possible to curb a surge in covid-19 cases. infections in the city jumped to levels not seen since the second state of emergency in january. prime minist

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 after ev battery makers in south korea managed to reach a last-minute settlement in the u.s. presser. the way have and on th

shery: welcome to daybreak asia. i am shery ahn. haidi: asia's major markets have just open for trade. our top stories this hour, patient benchmark separate steady open following gains in the u.s.. investor shrugging off higher than forecast inflation and focusing on the path of global recovery. china's crackdown on big tech by not be over just yet. patient warns them against market dominance. the u.s. recommends a pause on johnson & johnson's vaccine, blood clot worries threaten more delays in the global rollout at the shot is suspended in europe and australia cancels plans to buy the single-dose jab. we do have breaking news when it comes to singapore. the first quarter gdp is a beat, were expecting a contraction you're on your of a half a percent, we are seeing first quarter 2/10 of 1%. we are seeing the 2020 gdp coming in at a contraction of 5.4%. when you break down some of those components, manufacturing so growth of 7.6%, construction of over 8%. the services industry eating at a gain of 4/10 of 1%. the fourth quarter, 3.8% q

shery: more ahead. this is bloomberg. ♪ shery: the main opposition people power party has won by alliance on -- by a landslide. we are joined by our bureau chief. first of all, give us the result of the mayoral elections and how significant they are. >> two major collections. one in the largest korean city, seoul, korea, the capital, and the conservative candidate won 60%, versus 40% for the ruling party candidate. the same held for the pusan, korea mayoral elections as well, sending a bad signal to the presidents democratic party. shery: we talked about the aspects of dissatisfaction and unhappiness expressed at the moment. what are the implications for government policy and what can they do to shore up sentiment going into the next election? >> the presidential election is coming up in 11 months. they need to do a lot, particularly the ruling party, if they want to retain the presidential office. the anger now is high, particularly related to housing prices, which have doubled in the last five years

shery: welcome to daybreak: asia. asian stocks look to climb after stocks rallied to a record and sell of economic data indicated it is getting momentum. scott minerd says it's only a matter of time before another firm implodes like archego. we will hear from the chairman this hour. the rba is expected to meet tuesday with a focus on financial stability and housing prices. haidi: let's take a look at how we are shaping up when it comes to the start of trading in asia. sophie: we are almost at a complete set in the asia-pacific. check out the offshore yuan trading around the 655 zone ahead of china's private reading. we have the rba decision. the aussie dollar holding above 76. they could be at risk if we see any signals the rba may shift its qe focus to a later maturity. when it comes to market pricing, we have seen that rock forward after the strong eco-data we got from the u.s. treasury futures higher. we are keeping an eye on tech shares. given the yields coming under pressure in the u.s. the nasdaq jumping to perc

shery: a very good morning. i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. welcome to "daybreak asia." beijing is set to lose its currency manipulator tag. a bloomberg's group reveals the u.s. will drop the designation for china as the biden administration reverses trump error policies. first alibaba and now ant, jack ma's simtech firm is being forced into an overhaul just days before his business was forced to pay a record fine. asian equities look poised to follow the u.s. lower. regional futures in the red after the benchmark in new york edged down from record highs. haidi: let's take a look at the state of play when it comes to this early-morning market session. sophie, what are you seeing? sophie: this april, asian stocks are losing momentum. it capped a two day drop. we could be looking at a mixed session. futures moving to the downside and we do have aussie yields moving higher. testing 27 basis points. bond traders may be testing the rba's yield control. shaun roach says the rba is the canary in the coal mine for central banks, ahead in its labor mar

shery: our top stories this hour. asian markets pointing lower after mixed results from big tech in the u.s. investors now await pmi data due in the next hour. clamp down as test escalates on the financial arm of 13 companies including tencent. chinese big bags see profit margins squeeze as policymakers lean towards lender. japan, south korea, and australia are coming online. >> we can see the consolidation on the final trading day and stocks have the best month since december. the nikkei would still be headed for the first people he rise on the earnings front. electron and watching as well as a place in japan at a toyota plant as a factory in the u.s. for that model to be produced there. ev battery joint venture and check out the yen. overnight there, a bunch of data from japan -- and south korea, we have activity coming in stronger than forecast helping lift the korean 128 hi. there could be a little change this morning but still headed for a month of gains and it is the highest -- we get the first quarter report la

shery: welcome to "bloomberg daybreak: asia." i'm shery ahn. haidi: asia's markets have just open for trade. asian socks -- stocks, traders turning their attention from the pandemic to corporate earnings. and there could be a lifeline from the pboc, with a $15 billion plan to assume the bad debt assets in a major show of government support. president xi jinping may set to announce new goals in a virtual speech at president joe biden climate summit to ease tensions between washington and beijing. let's take a look at the market open now with sophie kamaruddin. sophie: after the worst today slump for some time, it lost over 4% in that stretch. a pause in value place in japan. the -- debut of vision which makes the biggest listing in more than two years of softbank for japan. toshiba reporting it is keeping the company private. others on tap on a rosy outlook. let's turn to south korea. hyundai motor announce first quarter results, shares have jumped more than 17% this year to make it one of the best auto stocks and stocks in sold gaining around,

shery: kathleen hays. and returning with a big interview in the next hour, san francisco fed president mary daly joining us exclusively at 9:30 am in sydney, 7:30 p.m. in new york. our next guest expects the interest rate to moves to start cooling off soon. let's discuss the broader market implications with brad ewing -- brett ewing. always great having you with us. the rate conversation is still front and center especially when you take a look at the s&p 500 and that is the tv char on the bloomberg showing. where are we headed here? brett: i ultimately believe that the 10 year treasury rate is going to continue probably to move up through the end of the year. what is important for your viewers to understand is what relatively matters to these markets is it is all about the rate of change. the first three months of this year, we had a rate of change in the 10 year treasury and we really have not seen any movies like that in quite a while, and they are quite historical. we had mortgage rates jump up 25% in

shery: i am haidi stroud-watts in sydney. shery: i'm shery ahn in new york. welcome to "bloomberg markets: china open -- "daybreak asia. a muted open after tech heavyweights. also that shares jump as sales beat estimates. microsoft slips with results missing top and projections. sources say icbc helped the debt manager repay its offshore bonds. plus, more fallout from the tobacco. nomura suspends the senior executive and replaces its -- haidi: let's take a look at how markets are setting up in this part of the world. what are you seeing? sophie: we have futures broadly higher in asia. investors eyeing a long list of earnings in the region including chinese carmaker byd and names like sony as well as sk hynix. it raises revenue outlook on server demand. in australia, we had training updates. the supermarket operator saying behavior looks to be normalizing. we will get more on the consumer with japanese retail sales data due for march. in south korea, we have had the update on consumer sentiment, which strengthened in april. a recovery continuing in south korea

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 we are setting up for the asian open. sophie: we're looking at a mixed bag when it comes to asian futures. kiwi stocks going higher. australian stocks now outpacing the region. higher by tech and health as well as mining amid the commodities rally. we saw copper touched $10,000. production updates from names like oil search and origins. this after shares fell to a record low. i'd of the long weekend in japan, you had earnings out with names like komatsu and the yen trading below th

shery: welcome to daybreak asia. asian stocks -- in the u.s., text daca -- tech shares led the way down. the chinese president is hours away from addressing the form, addressing challenges for the

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 yellen said she would raise corporate tax rates. we see that move into mega cap tech stocks. small caps under pressure. the 10 ye

shery: bloombergs sally bakewell. next, we discussed labor and human rights violations in xinjiang with adrian zenz. this is bloomberg. ♪ >> these are the headlines, the j&j vaccine remains on hold after a panel ended the review without a vote, saying more data is needed. they will hold for at least a week until the panel meets again. seven people experienced adverse effects, recommending the suspension. before climate talks next week, japan has called on china to accelerate efforts to clean its omissions. they said that air pollution controls impact the health of japan residents and urge beijing to move ahead with its pledge. some 40 nations will attend the summit, hosted by president biden. u.s. spy chief testifying, with congressional leaders raising the alarm on china. intelligence has labeled beijing a priority for the intelligence community. the fbi director is opening a new investigation into china every 10 hours. russian hacking and afghanistan were also areas of concern. >> we have over 2000 investigations

shery: welcome to daybreak: asia. asian stocks look to climb after stocks rallied to a record and sell of economic data indicated it is getting momentum. scott minerd says it's only a matter of time before another firm

shery: welcome to daybreak: asia. jay powell downplays inflation risks once again, saying he will do what it takes to support the economy. we speak to san francisco fed president mary daly. singapore's succession plans are thrown into doubt after the heir apparent bows out. further changes at credit suisse. the bank is said to tighten in the wake of the fiasco. haidi: a look at what we are setting up for. what do you see? >> we are seeing qe stocks gain ground and asian futures headed for a muted start. the s&p human is is on the rise -- the s&p is on a rise. volatility is expected to jump in the summer. this is as investors worry the easy part of the inflation trade is done and dusted. inflation or a lack thereof remains a key scene. fed pressures are expected to be temporary while emerging economies contend with upside risk. china's march, a modest rebound. we saw wti hubbard above $60 a barrel. it is interesting, the underlying market structure holding firm for oil. we do have the financial stability report due out

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

shery ahn is with the story and a reminder. shery: you would not expect tech companies any the u.s. to thank regulators for the record find that is what happened in china. alibaba coming out with a statement saying they're full of gratitude and respect, saying they would not have achieved that growth without sound government regulation and service. we actually saw alibaba after being hit with this record $2.8 billion fine surge in the new york session and hong kong as well. the best day since june 2017 in new york. a couple of things. bloomberg intelligence saying the record fine is a small price to end uncertainty. jeffries saying it is a starting point for alibaba. it is only 4% of 2019 revenue. 11% of free cash flow. you're talking about a company that has more than $250 billion in assets. raymond james saying they expect solid continued china e-commerce growth. the valuation is still attractive. they maintain a strong buy rating. caroline: not changing inherent in early -- inherited lay there business model. ant financial is going to have to reorient itself. shery: a complete re

we are counting down to asia's market shery: good evening, i am shery ahn. >> these are your top stories this hour. results from tech heavyweights. south belt

shery: from new york, i'm shery ahn. paul: d top stories this hour, tesla disappoints wall street despite profits. and strong demand for the model three that leads to deliveries. broader

shery: good evening from new york, i'm shery ahn. haidi: jp morgan and goldman sachs smashing estimates. a landmark moment for crypto.

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.

shery: i'm shery ahn. 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

jeff and sheri got their first dose. >> feel relieved. emotional thing to decide to get one, glad i did. >> happy to have first, can't wait for the second. >> kathryn drove here from san jose for her shot. >> relieved, didn't think i would get it this early. >> reporter: once santa clara county opened eligibility on monday, kathryn hopped online and booked appointment here at emeryville, couldn't find one closer to home. santa clara health officials say just got 300,000 doses from federal government but appointments were snapped up immediately. freeze on johnson & johnson vaccines and relatively small shipments from the state has caused shortfall for this week and next. >> bay area is doing well. >> point man says the department of public health will be using some of the limited supply to reach underserved communities so will be tough to book shots through the county. >> trying to move vaccine quickly as possible but supply is limited. encourage people to be patient and try every option you have. >> reporter: check out stanford and kaiser

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.

and she was also sherie blair twice. people will know her best as aunt polly, the fearsome matriarch in peaky blinders. and also on tvjust a few months ago, in an interview with this studio, talking about raising money to help provide meals for the nhs. and of course sitting alongside her at the time was her husband, the actor, and he said today, i am husband, the actor, and he said today, iam heartbroken husband, the actor, and he said today, i am heartbroken to announce that after an heroic battle with cancer, a beautiful and mighty woman thatis cancer, a beautiful and mighty woman that is helen mccrory has died, surrounded by a wave of family and friends. god, we loved her. we know how lucky we are to have had her in our lives. thank you very much. the mayor of chicago has appealed for calm after the release of footage showing an unarmed 13—year—old boy being shot dead by a policeman last month. the video shows adam toledo with his hands up and with no weapon — although the police film shows a handgun near the s

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

shery: good evening from bloomberg world headquarters in new york. paul: u.s. stocks slide after bloomberg reports president biden may be planning to lift capital gains tax for the rich. the proposal could reverse some long-standing provisions

. >> 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.