what unfortunately not the case -- >> unfortunately nothing case for agl. essentially, they scratched a proposed move which would have split off most of the company's legacy coal power plants. interestingly, opposition to the move came from agl's biggest shareholder, aussie billionaire mike cannon brookes. he said it would slow the company's overall exit from coal power in the long-term. we have seen that a partner of agl's ceo and chair, and that is clearly not being liked by investors today. korea gas is one of the world's top importers of lng, and they will be speeding up their transition to hydrogen. that is what they are saying is the future, and they are planning to go carbon neutral by 2050, which is in line with the korean government's plans as well. we are seeing moves in some of the japan defense-related stocks. this is a report from the nikkei saying the government could end up relaxing regulations related to the export of defense equipment by as soon as march. this means companies could be allowed to export missiles to countries that already hav

agl says it remains committed to the plan. spirit airlines board unanimously rejected -- enlisted a 3.6 billion dollar takeover on concerns the deal might not go through. they will stick with the lower frontier group and accepting the 3.9 billion dollar cash offer this year. the more jet blue stepped in last month. facebook is pulling out of plans to remove them altogether from the social media service. the company will stop letting people add to the service starting this week i will discontinue similar audio services. live audio rooms will be integrated into facebook live, many users could choose to go live with just audio, or audio and video. shery: don't miss our coverage from the conference, haidi is live from the event and will discuss the moves that explicit interviews. plus, the founder of pinnacle investment management joins us as well. australia daybreak asia is next. this is bloomberg. ♪ haidi: a very good morning. day one of the australian conference in sydney. shery: we are counting down to

growth ventures as no agl's largest shareholder -- agl is australia's biggest electricity generator and says it remains committed to the plan. spirit airlines board has unanimously rejected jetblue's unsolicited pre-$.6 billion takeover on concerns that the deal may not go through. spirit says it will stick with the lower offer from frontier group. spirit had accepted frontiers $2.9 billion cash and stock offer earlier this year before jetblue stepped in last month with its bid. mgm resorts reporting -- that beat estimates. analysts had been expecting an adjusted loss for the quarter. the company also -- leo vegas which mgm says is a move to expand international online gaming. shery: take a look at u.s. futures under a little pressure in the asian session. we are talking about the nasdaq 100 futures losing. we had a rally in giants like microsoft and tesla despite the fact that we had yields continuing to gain ground. he talked earlier about the tenure yield trading at the highest level since november 2018 and that has been pressuring the tech giants. in the new york session we did not

the latest business flash headlines, big shakeup at agl with the ceo and chairman announcing they will step down. it comes their decision to scrap long-running plans to demerge their coal generation business after the proposal failed to win shareholder approval. he publicly campaigned for the dean merger to be dumped. chinese video stranger -- the company has lost around $7 billion, or about 70% of market value since its 2018 debut. the ceo and founder spoke exclusively with us about their shift in strategy. >> seeking market growth should not be our strategic they were ready anymore because this industry has developed into a relatively mature one that is at a slower growth stage. david: ok. we are five minutes to the lunch break over in tokyo. apart from the rally we are seeing across the overall market, we're looking at defense stocks in particular on the back of some outbound shipments being relaxed. before that we are looking at fx markets. dollar weakness is a consistent theme in a very strong theme when you look at big moves across these markets. yvonne: whether it is the mexican

there have been efforts to speed up the exit out of coal for agl energy. iron ore demand out of china remains resilient even with trade and diplomatic tensions but there are hopes of a diplomatic reset with the new incoming government and the new foreign minister coming in. looking at banks, speculation the election could help banks hit their green targets. we are watching impacts on banks and a lot of move with big lenders. a rising rate environment. shery: still ahead, we will discuss foreign-policy out of the election and what sort of approach australia's new prime minister should adopt for china with an international security advisor. first, the election victory of john lee and how it could and the country's decades of climate in action. this is bloomberg. ♪ >> tonight the australian people have voted for change. my team will work every day to bring australians together and i will lead a government worthy of the people of australia. haidi: that was the newly elected australian prime minister who was sworn in hours ago. let's get to ben west low. he d

a big shakeup at agl with the ceo and chairman announcing they will set down -- step down. it follows the decision to scrap long-running plans after the proposal failed to win shareholder approval. mike cannon brookes holds an 11% stake and he publicly campaigned for this merger to be done. a -- top gun maverick tops the box office in ticket sales in the u.s. and canada. the movie gained theaters one of the biggest box office debuts since the start of the pandemic, a rare move for a non-superhero film but it is unlikely to be released in china, diminishing its global return. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. yousef. yousef: thank you, jules. that is juliette saly in singapore. here is what is coming up. the bull market in battery metals is over according to goldman sachs. we look at that story in the broader commodities space as well. this is bloomberg. ♪ yousef: this is "bloomberg daybreak: europe." i'm yousef gamal el-din in dubai. goldman sach

the founder has just required -- acquired a more than 11% stake in agl. citigroup acknowledged that one of its trading desks was behind a flash crash in europe. they made an error with inputting a transaction which was identified and corrected within minutes and caused equities in sweden to plunge 8%. citi is in active dialogue with potential buyers of its commercial banking operations in russia. j jane fraser says that many of russia's largest banks could stall citi's plans to exit the country. citi is seeking buyers in russia, poland, china and mexico. >> we are selling our commercial banking franchise on the ground there. we are in active dialogue around that.t then we've been focusing on multinationals on the ground because of a lot of our client base is the fortune 500. they are names we all know and many of those are looking at exiting. you cannot exit if you do not have your bank on the ground there. haslinda: looking at mgm resorts up in late trading after reporting that they beat estimates. they had been inspected the company -- expected the comp

he paints nato and ukraine as the agles sors. they were not. and he repeats a lie by linking the fight now to the fight then. >> i am now addressing our armed forces and the militias of donbas. we are fighting for the mother land, for its future. so no one forgets the lessons of the second world war so there is no place in the world for executioners. >> in ukraine, they remember the victory over the nazis. ukraine's president, zelenskyy, promises ukraine will soon have another victory day to celebrate. >> translator: very soon there will be two victory days in ukraine. and someone won't have any. we will win, and we will win now. happy victory over naziism day. >> in luhansk as many as 50 feared dead after a russian missile turned a school that was a shelter into a burning scrap heap. in mariupol, all women and children are out of the steel plant, but there's a new glimpse of the unrelenting horror in that port city. the next images are beyond disturbing. shallow graves for what looks like hundreds in a line of body bags. they cannot dig the tr

he paints nato and ukraine as the agles

. >> agl