haidi: lots more to come on daybreak asia. this is bloomberg. >> this is daybreak asia. i'm vonnie quinn. sources tell bloomberg news the white house is likely to keep in place bans on u.s. investments in certain chinese companies imposed by the previous administration. we are told talks are in the preliminary stages over bans lengths to china's military. tensions remained high over a wide-ranging -- a wide range of issues, including human rights abuses. president joe biden has been in louisiana drumming up support for a 2.3 trillion dollar infrastructure plan. speaking in lake charles, he said the u.s. needs to step up its game and invest in the future when it comes to china. >> the chinese are eating our lunch. they are eating our lunch economically. they are investing hundreds of billions in research and development. that is why right now if it goes the way, they will on the electric car market. we have to compete. >> china has delivered ace sharp rebuke to the g7 after the group listed a group -- a list of grievances. chinese ministers urged western nations to stop i

. ♪ >> welcome to "bloomberg daybreak: asia". >> asia's major markets have open. top stories, japan and chinese mainland, the holidays, in tech shares weighing on yours markets. >> the boston fed president spoke recently, saying more time is needed to assess the recovery. and, showing promise against vera lent covid -- covid variants, but there are new strains out of india. let's take a look at stocks this morning. sophie: stops to the upside, higher on the nikkei 225. we are watching asian vaccine makers, with the quickening rollout, and japan considering an extension of the emergency. moderna may get approval in japan. nintendo results do today. reaction to one mining company. boj meeting minutes, agreeing. you have bonds higher. south korea, one player reporting a solid quarter, but downside moves for the kospi in a week was shortselling resumed. one research institute predicting the benchmark could cross 4000, if korea is upgraded to the msci world index. back above 1125 to the dollar. switching out to check the open in australia, that on the back of results.

that is it for "daybreak: asia." our market coverage continues as we look ahead to the start of markets opening in hong kong and xinjiang and also look into the open of malaysia. the country there is entering a lockdown. time for "bloomberg marketsthis is bloomberg. ♪ >> welcome to bloomberg markets china open. david: good morning. counting down to the open of trade in the chinese mainland. let's get to your top stories. china taking its most significant step yet to curb the strength in the currency. the pboc forcing banks to raise fx reserves for tht

♪ >> welcome to daybreak asia. >> we are counting down to asia's major market open. >> our top stories this hour, asian stocks said to track u.s. equities, higher after tech rally. investors put inflation concerns on the back burner for now. the u.s. warns americans not to travel to japan due to the covid state of emergency, delia fresh blow ahead of the olympics. -- dealing a fresh blow ahead of the olympics. >> bitcoin issues after elon musk indicate support for bitcoin miners to go green. haidi: inflation fears potentially play out in the start of the asian markets. sophie: after's asian stocks little changed monday, some changes tuesday -- some gains tuesday with a rate decision from indonesia. gdp from singapore and trading from thailand. earlier consumer confidence from south korea hitting a three or high. commodities, oil holding above $66 new york crew jumping the most in a month as markets assess the iran nuclear deal. brent could hit $80 in the third quarter with growing demand for energy absorbing iranian supply. and possibility of a drop in brent to the 40's -- $40 if outpu

we see a number target southeast asia, greater china, asia overall. so we get to see that when you see the sponsors bring those ipo's to the market. sophie: what are the implications on return for spac 's? manoj: in general what we are seeing is with a greater adoption and viability of the product, if you are a target company retain an advisor and say my next age of growth and i need that next age of capital. so logically what they will do is they will to an ipo, a trade sale, potential transaction with a private equity firm, now they have what is called a spac-off. that's a generic term that we use, but what that means is it is incumbent upon the company to explore alternatives. versus where were you -- then there's the question of working out for the company, which of the best spac's to partner with. the key thing here is a spac is a merger. the target company has to choose the right sponsor to partner with to come to the capital market. sophie: southeast asia has been a hotbed of activity. richard leigh and peter thiel setting up their third southe

we are counting down to asia's major market shery: welcome to daybreak asia. our top stories this hour. the world economic forum canceled its singapore meeting as virus cases spike. the travel bubble with hong kong is grounded once more. asian stocks poised for a muted open. cases in the region pick up. the dollar weaker with the economic outlook waiting on the sentiment. mixed messaging from elon musk has sent bitcoin and other cryptocurrencies on a wild ride. haidi: let's take a look at how we are setting up. sophie: looking at a start for the tuesday session. japan's per luminary report headlining the economy. japan expected to return to contraction. trading ahead of the update. we have wti holding above 66. trading near an 18 year high . pulling up a chart on the terminal when it comes to europe's recovery and increasing vaccinations. aipac listed companies who generate a chunk of their revenue from europe out facing the regional index. goldman expecting we will see positive -- we are seeing covid cases in the u.s. have been falling to a 14 month low. new

what it does not take into account in asia is that asia has underperformed by about 15% since the middle of february. derek to key drivers to that -- there are two key drivers to that. china is moving to a tightening bias. there are bubbles and asset markets and equity markets. even the regulators are warning about that overseas. the chinese market took it very much to heart. the bubble building short-term in hong kong tech names, that seems to have burst. now we are at very interesting levels, we think. even this morning, where basically the market needs to hold to prevent another 14% downside. we think the state funds -- they are the first driver. this will be something probably achieved in the u.s. and u.k. by next year, perhaps in australia if the rba does decide to move onto yields controlling in july. i think that is very much what we are seeing. the pboc is being tricky. i think the second thing is really the reaction to the virus. the reaction to the virus across asia has been anything from incompetent to sluggish to autocratic to complacent. you can take your favorite country an

michael: southeast asia, just like north asia is being affected by this great -- pension reserves are inadequate for the tsunami that is coming for the population that is aging. our main focus are twofold, and one is, to make sure we are mobilizing the over investments and bank deposits and coaching that money into income themes, strategies, equities, but at the same time, across the region, we are not just dependent upon intermediaries for distribution. we have over 12 million customers across the region spanning insurance, pension, investment link platforms and mutual funds. the other big opportunity we see is digital tech and our digital tech is focused on signature application, which in the covid environment allows our agents as well as customers to engage directly and manage portfolios. >> thank you so much for the insights today. manulife and investment manager. here is the latest business flash headlines. chinese supplier to the solar industry is hiring a global auditor amid allegations of forced labor. the new york listed with shortlisting operations as it works to get ahead o

really be doing in asia short of rejoining the tpp? >> as much as i i would persoy like to see the united states return to some kind of tpp, and i recognize that if we were to return it can't be the agreement as updates would need to be made, revisions would need to be made. but i just don't think it's in the cards right now. i am a pragmatic person, and my feeling is wishes now should be pursuing narrower sectoral regions come get us back in the game and asia, whether digital or climate and trade. let's try and do some narrower initiatives, initiatives where we would not need congressional approval. and to be successful and impactful in the region and may actually serve as building blocks towards an eventual return of the united states to some tpp like agreement. >> i guess the challenge there is on the one hand, you have obviously former president trump and then the left wing of the democratic party that was really vehemently opposed to tpp and then you have a fair number of republicans, a great number of republicans and then some de

really be doing in asia short of rejoining the tpp? >> as much as i i would persoy like to see the united states return to some kind of tpp, and i recognize that if we were to return it can't be the agreement as updates would need to be made, revisions would need to be made. but i just don't think it's in the cards right now. i am a pragmatic person, and my feeling is wishes now should be pursuing narrower sectoral regions come get us back in the game and asia, whether digital or climate and trade. let's try and do some narrower initiatives, initiatives where we would not need congressional approval. and to be successful and impactful in the region and may actually serve as building blocks towards an eventual return of the united states to some tpp like agreement. >> i guess the challenge there is on the one hand, you have obviously former president trump and then the left wing of the democratic party that was really vehemently opposed to tpp and then you have a fair number of republicans, a great number of republicans and then some de

asia is a little behind. north america ahead. followed by europe, followed by the rest of the world. i do expect asia to be a little bit further behind. emily: you have launched your biggest marketing campaign in a year to attract more users. i am curious how many hosts have signed on as a result of the campaign and these commercials that i have to say you pull at your heartstrings. brian: it is funny you mentioned the commercials. we did our first global brand campaign in five years. they feature real photos of real guests on real airbnb trips. we yearn for things we miss. being with our friends and family and having meaningful times together. that is what airbnb is about. additionally, we are seeing elevated traffic levels of perspective hosts coming to airbnb. on may 24, we are going to unveil our biggest upgrade to the service. don't have any data to report on the number of new listings right now but i am optimistic about the elevated traffic we are seeing. we will continue to make it easier for people. i

you are spot on, the common deception is that everybody in asia does this, but asia is a net exporter, but there are pockets in asia, for example, australia, a big exporter for commodities that also countries such as indonesia and malaysia who also stand to gain because they have big exports and oil and gas and especially in the case of malaysia and indonesia. you also have exporters of metals that are doing very well. these three countries will be our topic in terms of the countries that could do very well. >> can we assume that on the flipside that countries like india will face real pressure given that it is such a major importer of oil and gas? >> i think from an oil and gas perspective, as well as some of the asian countries as well, the good thing for the not asian countries in taiwan and korea, they do have support from the technology side, but that is missing in the case of india, so it does add a lot of pressure on the terms of trade, so for countries like india, the next six to 12 month outlook will really depend on how they handled the next covid situation. and even that, t

we saw this through asia. the last hour we talked about the political developments in chile, which could have an impact. right now, 180 -- we see oil moving to the upside. there is one sector in negative territory and that is telecom. we see that sector being weighed down by that heavy weight. let's switch focus now to geopolitics. president joe biden has told benjamin netanyahu in a phone call on monday that the u.s. now supports an immediate cease-fire. we are joined by bloomberg's -- is the u.s.'s stance on israel hardening? >> it represents a shift in town,, the president telling the israeli president that he is is seeking an end to the conflict. he is not demanding a cease-fire, which is something other nations have been calling on the u.s. to do. the chinese foreign ministry just called on the u.s. to do so a few moments ago. the u.s. of course has been very engaged behind the scenes and diplomatic efforts to defuse the situation but publicly they have been very careful to say things like is real -- " is

as well. >> asia tech reporter debby wu . let's turn to japan, poised to extend its virus state of emergency. that is according to a newspaper. it was set to expire by the end of the month, but let's cross over isabel reynolds in tokyo. even if authorities go ahead with the tokyo olympics in july, i cannot imagine it being popular among the public. isabel: you are absolutely right. we have already seen a series of polls showing that as many as 80% of respondents think that the olympics should either be postponed again or canceled. as you say, the emergency, we have seen reports now showing that it is likely to be extended beyond the end of the month, and that takes us to one month before the opening ceremony which is july 23 in tokyo. having said that, john coates of the international olympic committee made very clear last week that he thinks the games can be held even under state of emergency in tokyo. >> that is the business community, is there much support at this point? isabel: it seems rather strange to a lot of people b

we are counting down to asia's major market open. >> good evening. haidi: your top stories, a cyber attack on the biggest gas pipeline in the u.s. threatens to a bed supplies with no restart insight. the white house vows a crackdown as ransomware packers up the ante. australia's prime minister reports the appetite to open borders -- no plans to open borders soon as sydney extends restrictions. annette focus of attention on the economic recovery. after a week u.s. jobs report eases concerns about quÉbec since to mills focus now on inflation and retail data. kathleen: time for a quick check on early trading to start the week. we are going to look at the s&p futures. you may recall if you are watching the u.s. friday, the s&p 500 did hit a fresh record. you can see it looks like it is trying to build on the gains now. it was after the jobs report was weaker than expected, leading to investors and traders to assume, the fed may not be quick to taper bond purchases, let's buy stocks. now, the dollar on the same supposition, slumped to a tenant half week

it had a fantastic opening in asia, over $160 billion. we hope later in north america, i think the city is trying to adapt to this kind of environment by staggering and opening where it is safe. i think it would prove this weekend, that where it is safe, people want to come. haidi: you talk about the recovery in asia being first out of the pandemic, but we see in japan, seeing with ways of the virus. planning to triple the number of screens you have a japan by 2024. are you concerned that the prolonged virus situation, the longer than expected vaccine rollout is going to need that the appetite for returning to cinemas will be structurally changed at the upside of this? >> i don't see that at all. again, i have data. i have heard that narrative before, but if you look at the data, where it is safe and where it is open, this pent-up demand, people are dying to go to the movie. in fact, look at this weekend. for us, it was the largest opening since before the pandemic, internationally. there are people coming out. of course, you can always f

richard: in asia, it has been quite open for a long time. china last year, as we know, is the leader, the highest box office in the road. the chinese in year this year was down 30% from 2019. that box office is booming. japan had two of its largest movies of all time, which opened up with limited capacity in japan. south korea has been very good. obviously, places like the u.s. and europe have lagged behind. but this weekend is kind of a pivotal moment. what universal date in the u.s., they released a movie a month earlier in asia and then they introduced it in the u.s.. four of the fast and furious group of movies. it had a fantastic opening in chain or. it will open later in america and other places. studios are trying to adapt to this environment by staggering and opening where it is safe. we proved this weekend that where it is safe, people really want to,. >> talk about the recovery in asia with the pandemic. we are seeing a number of u.k. markets dealing with subsequent clusters and waves of the virus. you are planning to triple the nu

bloomberg markets: asia" stay with us. this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from

as it at the time of the west and serve me because of cold war and also europe and asia as a metaphor but also try to remove the border between you and me so these border removed become one. of course is performances for decisive the influenced by flex artists above all by the korean artist namjoo pake who later became the superstar of radio art. at the nabj unpaid art center and soul searching for clues to the connection between these 2 exceptional artists. pixar voice folks can even be explored from home using virtual reality suits that. they influence the other together through the whole life from 961 since their 1st meeting on piers 986 when boy saw boy style they had this very deep conscious in understanding their relationship in artistically or personally. there is treasure in the basement over 2000 analog video tapes and labels by now to pick among them it's one of the last joint performances with boys coyote 3 in tokyo in 1000 before on stage were 2 grand pianos but boys had other plans. some close good music so that should both know about the bands and tradition of their kore

to all of these things are important and especially on asia. a more moderate fed expectations and monetary policy helps in terms of the dynamics going into asia at this moment. tom: keeping that focus on asia, if you do get the market calling this one right and the expectations that you are going to get a hike at the end of next year, what are the implications of asia if that was the come to pass? christian: i would say, obviously the markets will debate about what is really the timing and terms of tapering and the first left off. is this a high cpi, and did it persist for a longer and the so-called transitional price pressures that are going to be even more transitional. expecting that the fed will be piping in earlier than expected. the implications on asia -- but also, from a perspective, the capital decides to go into the dm area, and this is proportionately pressuring the southeast asian economies, especially those that record a current account deficits that we saw. tom: to what extent are the food price rises in asia constraining central-

let's go to bloomberg's asia managing editor, dan. does this mean that investment treaty just a few months back, that was the high point of this relationship? dan: yeah, that took seven years of really tough negotiations and it was reached just last year at the end of the trump administration. still subject to ratification by the european parliament. but even if that does go through, we are seeing more measures from europe to restrict chinese investments and to protect european technology from getting into the hands of china. this is sort of mere earring the policies -- mirroring the policies we have seen in the u.s. under the trump administration, and then extended under joe biden, to kind of block china from accessing these key technologies that will drive the economy into the future. haidi: dan, what is the ultimate upshot of this? what is the next step and potential retaliation or deterioration of this relationship? dan: one thing on the horizon is just the emergence of the greens in germany. they have been very outspoken in calli

haidi: hello and welcome to "daybreak asia." sophie: we are counting down to asia's major market open. shery: and good evening from new york. our top stories, president biden is reportedly set to unveil a $6 trillion budget proposal, even as inflation rears its head. asian stocks rise on the back of gains in u.s. secular goals -- u.s. cyclicals. plus, bank ceo's re-think calls for audits. martin davidson discusses the push for more diversity in the finance industry. haidi: let's take a look at how we are setting up for this final friday session of the trading week in asia. sophie kamaruddin is in hong kong. sophie: this friday asian stocks who clinch a 6th session of gains in seven after selling thursday. u.s. futures also nudging higher. in japan we are watching for a potential decision to extend the price emergency in tokyo and other areas. jobs data untapped from the country. unemployment rate expected to rise to 2.7%. also an earnings report card from h1. -- from matwean. the city's second-biggest ipo. checking in on other c

and asia. switching out the board, oil and focus, brent retreating, after topping that level for the first time since march on europe's reopening optimism and appetite for the euro area. as the euro holds above 1.22, the dollar is trying to break down again, while gold is attempting a second-quarter turnaround, that 1900 may be in the cards if u.s. economic data continues to disappoint. shery: right. our next guest says hi inflation and low rates will mean more deeply negative real rates on cash, increasing incentives to put it to work. let's bring in the head of equity syncretic at ubs wealth management. great having you on. with increased inflation, we could see volatility, right? so where is a safe place to park your cash? >> completely safe is always a bit of a challenge, but beyond equities, we have been positive since last year. we have to consider we have strong earnings growth, but year-over-year, it is probably peaking, not weak, but has reached a bit of a climax. you mentioned the rat

our chief asia economic reporter joins us. telus more about what's behind this massive supply crunch. >> essentially there is so much demand there, especially for manufactured goods, that suppliers are struggling to keep up with the orders. they can't get the components that they need to make all the bits involved in the equipment in the widgets and gadgets. it's in commodities, and semiconductors, there have been weather related events. there have been a blockage of the suez canal. in manufacturers that we have spoken to say the threat of shortages is not like anything they have seen before. even when they can get what they need, be at the semiconductor, they are paying through the roof. so bloomberg's commodity spot index at its highest in 2011. so much demand from those economies that are reopening for these manufacturing goods in the factories are struggling to get the materials that they need to meet these orders. >> so what does it mean for companies? what does it mean for the world economy? what does it mean for global

vonnie: this is "daybreak: asia." i am vonnie quinn. the u.s. says it is we impose sanctions on nine state owned enterprises in belarus. the president says -- and all trading platform. the white house as it was working on penalties tolerating belarus's government after it forced on every on their passenger jet and arrested a journalist critical of the country's president lukashenko. president biden is set to raise human rights when he meets president putin in geneva next month. tensions between the u.s. and russia remain high. the u.s. claims russian-based hackers or cyberattacks in the u.s., though biden as stopped short of accusing the president of the colonial pipeline that. washington is also condemned rush's support of a belarus after the fourth lending of that flight. new data show u.s.: desk fell over the weekend to 362, the lowest in 11 months. bloomberg figures showed the u.s. added slightly more than 12,000 new cases, the fewest since the early days of the pandemic last year. that's one covid-19 i've decline

we are counting down to asia's major market opens. shery: welcome to daybreak asia. our top stories, more paying -- more pain for bitcoin, elon musk implying that tesla may sell its holdings in the cryptocurrency. singapore and taiwan under new restrictions in a desperate battle to prevent the spread of covid variants, and a bloomberg exclusive, we go inside a solar factory in china, trying to reassure the world it is not involved in forced labor. let's see how we are setting up for the market open. >> looking to see those markets shake up that downside pressure with asia stocks set to start the week on a front foot this monday. we are keeping an eye on crypto-related plays after bitcoin fell below 45,000 on elon musk's reports -- remarks. iron ore and copper falling. we are seeing oil prices gain ground early in the asian session. an uneven demand recovery, that remains a big focus as we saw indian oil demand continue to shrink this month. we have china's activity data dump this monday. flipping the page, ahead of singapore's exports data, the dollar holding bosses

. >> we're kind down to asia's market open. inverse paul allen is there >> -- is -- bloomberg's paul allen is there. >> inflation concerns continue to hit wall street as stops are sliding for a second day. and china's shot is proven to be extremely effective. we have an exclusive interview. financials leading the decline hearing nasdaq -- the 10 year yield rose. the dollar was broadly lower. we do have the numbers coming out tomorrow. >> let's take a look at how asian markets are shaping up. the constant -- the content of that budget that the australian government released last night. we are also looking ahead to these inflation concerns. we had the dollar index ricky much change. that 10 year yield also moving pretty steady. keeley stops, we see an unchanged and start to the trading session. to activate story, the government and australia i'm kneeling a big budget. this'll blueprint or 2021 2022 will set the budget deficit wider and faster than expected. we knew this budget is going to be big, what is going on here? >> they ar

i didn't fit in in southeast asia because i was half white. when i was in asia, i was seen as half white. when i come to the mainland, i'm seen as more asian. it is a unique asian experience to always be considered an "other". you really see that with the aap i experience today. when i was in asia, my cousins would make fun of me and call me names and all sorts of stuff. that was a common experience in post vietnam southeast asia. david: your father had a hard time finding a job so in the end you had to live on food stamps and had to get a job for yourself. you are selling roses on the streets and other things? in hawaii? is that right? sen. duckworth: we basically ended up on food stamps. subsidized meals program, because otherwise my brother and i probably would not have eaten many days. out of desperation, at 16, even though my dad forbade me because he wanted me to focus on school, i got a job on the beaches of waikiki and did everything from handing out flyers -- i write about this in the book. i had on the moment to decide if the person

shery: welcome to daybreak asia. top stories, u.s. stock rallies led by a rebound and optimism over a positive jobs report. calling for a global minimum corporate ta

more from our asia mining reporter. lessons learned, it sounds like the complaint is maybe not enough has been learned? >> good morning, no doubt there has been a large amount of soul-searching not just with rio tinto but across the industry in the wake of the king gorge last which got -- gorge blast, which got so much publicity last year. miners especially in western austria asking, can this happen for us? the follow-up for rio, they lost a ceo and senior executives. no doubt other miners are wondering if the same can happen to them. there is still criticism the industry is not taking the issue seriously. in the broader context of the commodity super cycle we are hearing about, prices are through the roof. so the owner -- onus is on these miners to dig up as much as possible as quickly as possible and this creates a tandem -- tension with trying to tighten standards with heritage protection. if you are moving quickly oversight is not as good as it could be and that is were this criticism is coming from. haidi: bloomber

we are counting down to asia's major market shery: welcome to daybreak asia. our top stories this hour. the world economic forum canceled its singapore meeting as virus cases spike. the travel bubble with hong kong is grounded once more. asian stocks poised for a muted open.

including west asia the middle east nato has one member in asia which is turkey it has 19 military partners in the asia pacific region and what clearly came out of the nato foreign ministers meeting over a few days ago was to expand that even more dramatically and you're correct it's not an asian aid nato this is a different proposition right an asian nato would be the equivalent of nato in the asia pacific region this is actually expanding nato into the asia pacific and in addition to the 19 partners it already has there in visioning know lots of countries and india you know being poor pulled into the nato orbit that. a pretty clear signal to china but it's also an attempt to dislodge russians being india's major military ally an arms supplier ok you know i mean so that nato is solved it's really great dilemma because it never it doesn't really have a reason to exist ok russia is not a threat to nato even though we hear analysts propaganda now they want to take on russia and china they found the reason to exist here and the way i look at it bruce is this is replacing the united nations ok

that was a common experience post vietnam in southeast asia. david: your father had a hard time finding a job so when the end you had to live on food stamps and you also had to get a job for yourself and you are selling roses on the streets and other things like that in hawaii. is that right? sen. duckworth: yes. we basically ended up on food stamps and thank goodness for the school lunches and subsidized meals program because otherwise my brother and i probably would not have eaten many days. at a certain point in time i am in desperation at 16, even though my dad forbade me because he wanted to focus on school, i went and got a job on the beach and did everything from handing out flyers. i write about this in the book, on the moment i had to decide whether the person would get a booze cruise flyer or a romantic dinner cruise flyer. i would get a nickel for every one of those that was brought back to buy a ticket. then i also sold roses out of a bucket. i did whatever i could to scrape together money so we could eat. david: he went to the univ

that was a common experience post vietnam in southeast asia. david: your father had a hard time finding a job so when the -- in the end you had to live on , food stamps and you also had to get a job for yourself and you were selling roses on the streets and other things like that in hawaii. is that right? sen. duckworth: yes. we basically ended up on food stamps and thank goodness for the school lunches and subsidized meals program because otherwise my brother and i probably would not have eaten many days. at a certain point in time i am just, out of desperation, at 16, even though my dad forbade me because he wanted to focus on school, i went and got a job on the beach and did everything from handing out flyers. i write about this in the book, on the moment i had to decide whether the person would get a booze cruise flyer or a romantic dinner cruise flyer. i would get a nickel for every one of those that was brought back to buy a ticket. then i also sold roses out of a bucket. by the side of the road. i did whatever i could to scrape together

including west asia the middle east that nato only has one member in asia which is turkey it has 19 military partners in the asia pacific region and what clearly came out of the nato foreign ministers meeting a few days ago was to expand that even more dramatically and you're correct it's not an asian aid nato this is a different proposition right an asian nato would be the equivalent of nato in the asia pacific region this is actually expanding nato into the asia pacific and in addition to the 19 partners it already has they're envisioning no less a country than india you know being poor pulled into the nato orbit that. a pretty clear signal to china but it's also an attempt to dislodge russians being india's major military ally an arms supplier ok you know i mean so that nato is solved it's really great dilemma because it never it doesn't really have a reason to exist ok russia is not a threat to nato even though we hear analysts propaganda now they want to take on russia and china and they found the reason to exist here and a way i look at it bruce is this is replacing the united

or c d w news life from baghdad coming up next on news asia and yes hold the export of vaccines as a basis to control record breaking numbers of coverage on chain infections we look at what this means for countries that dependent on doses. i may bring back british isles develop sydney and get nervously will find out how the country has been coping as it hopes to avoid its own comfort crisis. but as a child we'll have those stories on the mall in just a moment so i'll be back with more world news of the top off in our in the meantime of course as always the e.w. op or indeed the website esteemed only dot com good. luck. because. one man is heading for the 7th time in one season. come should be here for the 2nd time. to colleagues to meet. him and coaches their touch personal secrets. to. trying to succeed. because i want to see of germany with a name the last few years have been quite o'brien friendly and. i'm going to tell me how much when it comes to gemma because on the whole so it was not quite in the oxford but perhaps the biggest on the new line i'm going down the road i'd love

including west asia the middle east that nato has one member in asia which is turkey that has 19 military partners in the asia pacific region and what clearly came out of the nato foreign ministers meeting over a few days ago was to expand that even more dramatically and you're correct it's not an asian aid nato this is a different proposition right an asian nato would be the equivalent of nato in the asia pacific region this is actually expanding nato into the asia pacific and in addition to the 19 partners it already has they're envisioning no less a country than india you know being poor pulled into the nato or but that. a pretty clear signal to china but it's also an attempt to dislodge russia as being india's major military ally an arms supplier ok you know i mean so that nato is solved it's really great dilemma because it never it doesn't really have a reason to exist ok russia is not a threat to nato even though we hear analysts propaganda now they want to take on russia and china they found the reason to exist here and a way i look at it bruce is this is replacing the united natio

including west asia the middle east that nato only has one member in asia which is turkey that has 19 military partners in the asia pacific region and what clearly came out of the nato foreign ministers meeting a few days ago was to expand that even more dramatically and you're correct it's not an asian aid nato this is a different proposition right an asian nato would be the equivalent of nato in the asia pacific region this is actually expanding nato into the asia pacific and in addition to the 19 partners it already has their envisioning no less a country than india you know being poor pulled into the nato orbit that. a pretty clear signal to china but it's also an attempt to dislodge russians being india's major military ally an arms supplier ok you know bruce i mean so that nato is solved it's really great dilemma because it never it doesn't really have a reason to exist ok russia is not a threat to nato even though we hear analysts propaganda now they want to take on russia and china they found the reason to exist here and way i look at it bruce is this is replacing the united n

asia up 1.5%. annmarie: u.s. and european equity futures are in the green, leaning into the vaccine programs, and those economies that are reopening. ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. (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 entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look a

transport currently starts from germany going through poland belarus and russia all the way to central asia. in february 2900 a team of animals angels activists followed one of their transports. the group filmed both trucks from their 1st supply stop and small that's. the journey takes place and driving snow and icy temperatures. and that despite it being illegal to transport animals below 5 degrees celsius. just answer you can i see the cyclops on the truck or open field actually the animals are covered in snow when the outside temperature is below minus 7 so you have the added problem of the water systems for using and the transport but in transport. the animals are suffering from exhaustion. the animal welfare groups signs that because of the cold and the slow roads the trucks hardly stop even though they're on a 6000 kilometer trip that will last days. when they do stop it's only to throw in some part or to the animals. during veterinarian checks as they left germany the drivers had given assurances that they would make proper stops that supply stations in russia. the trucks are on the

. ♪ vonnie: this is "daybreak: asia." u.s. trade representative difficult for updated tariffs to avoid applying decades old laws to the current issues. catherine tight was responding to a question about the trade expansion act, which former president donald trump used to put -- on steel and aluminum imports. u.s. efforts to effectively compete which are not hinge on cooperation in congress and globally. china is reported to be considering replacing a vice premier as a top economic envoy to the united states. in the wall street journal says beijing may be mulling on the other vice premier for the new position. a close friend of president xi jinping led contagious trade negotiations that led to the phase one trade deal. in a setback to the impending tokyo olympics we are told the u.s. national track and field team as potential plans to train in japan over by received concerns. i japanese official says other teams have canceled training camps were similar reasons. the japanese government and ioc are pushing ahead with the games d

that was a common experience post-vietnam in southeast asia. david: your father had a hard time finding a job, so in the end you had to live on food stamps, and you also had to get a job for yourself. you were selling roses on the streets and other things in hawaii, is that right? sen. duckworth: yes, we ended up on food stamps. thank goodness for the school lunch and school breakfast subsidized meal programs. otherwise, my brother and i would not have eaten many days. it was desperation at 16, even though my dad forbade me at school, i went and got a job and i did everything from handing out flyers. i write about this in the book, i had to decide on the moment whether the person would get a booze cruise flyer or dinner cruise flyer. and i would get a nickel for every one that was brought back to buy a ticket. i did whatever i could to scrape together money so we could eat. david: you went to the university of hawaii, is that right? sen. duckworth: i went to the university of hawaii and when i finished that, i returned to my childhood dream of

it tilt towards asia? diplomacy is often about — tilt towards asia? diplomacy is often about theatre _ tilt towards asia? diplomacy is often about theatre and - tilt towards asia? diplomacy is often about theatre and this i tilt towards asia? diplomacy is often about theatre and this is| often about theatre and this is a great piece of theatre, a great piece of british engineering, a military asset, but making it very back to the indo pacific is not a strategic shift. it's a gesture.- shift. it's a gesture. tonight hms queen _ shift. it's a gesture. tonight hms queen elizabeth - shift. it's a gesture. tonight hms queen elizabeth will i shift. it's a gesture. tonightl hms queen elizabeth will set sail on her 26,000 mile voltage. it does mark a new era for the navy, but with it we define britain's place in the world. this year's eurovision song contest has just ended a short while ago, with italy being voted this year's winners. the competition which was cancelled last year was hosted by the netherlands in rotterdam with a smaller audience and subject t

including west asia the middle east that nato has one member in asia which is turkey it has 19 military partners in the asia pacific region and what clearly came out of the nato foreign ministers meeting over a few days ago was to expand that even more dramatically and you're correct it's not an asian aid nato this is a different proposition right an asian nato would be the equivalent of nato in the asia pacific region this is actually expanding nato into the asia pacific and in addition to the 19 partners it already has they're envisioning no less a country than india you know being poor pulled into the nato or but that. a pretty clear signal to china but it's also an attempt to dislodge russians being india's major military ally an arms supplier ok you know i mean so that nato is solved it's really great dilemma because it never it doesn't really have a reason to exist ok russia is not a threat to nato even though we hear analysts propaganda now they want to take on russia and china they found the reason to exist here and the way i look at it bruce is this is replacing the united nati

those loans when south east asia are authoration 900 percent base. and around that most of that money appears to be going to southeast asia. what for is it being used for illegal logging while trying to bring blending? se stager is mostly going into 3 factors, palm oil rubber, and pope and paper with the largest share of that. being the paper factor that goes to 2 into major giant, controversial pokemon paper. in april is that the had very strong links and the families. i couldn't a very strong link to the chinese bank and divided them with billions. ready of dollars in credit fund, the boston players and mil relate to infrastructure. but these 2 pope groups have had a disastrous impact on in nature forest. they continue to be involved in hundreds of complex with local communities. and the indonesian government implicated the groups in being connected to the annual fire and have crisis which has been an environmental health disaster across asia. tom, it's been really good to talk to you on counting the costs many thanks to date for being with us. tha

and you wonder if you think they're likely to take off and if so trade and asia pacific? >> so i said early on, i mean, part of the biden trade policy right now is helping to promote and compliment efforts of the large per biden agenda. and let'sts be honest, climate change is front and center of biden overall policy and trade plays an important role here. now, it is unclear to me at this point how ambitious the united states is going to be on the climate and trade front. i know that they have been considering issues, you know, various different policy proposals including this carbon border adjustment measures and that's something we have to see where they come out on that. i mean this is something that the eu is way ahead of us on. i think there is concern if the euhi goes forward too quickly, e may end up with another bilateral irritant at a time when we're trying to deescalate tensions between the u.s. and the eu. so my hope would be that as we figure out what we want to do on trade and climate, that early on we engage with our allies and partner and other like minded

to asia. joining us to break down the market action from singapore. where does his inflation angst being seen were acutely in the market? . >> good morning. as you were describing, tech is this is playing out of the moment. geographically this is bad for a lot of ages markets. all the expertise in the area. the index in taiwan down more than 4% today. japanese stocks and korean kospi feeling the pain. it is most intense in hong kong and those chinese companies listed in hong kong, big tech companies, the likes of maite swan, jd.com. the ones that were already encountering some of their own problems, from a crackdown on the tech companies at home in their domestic market, coming into a global selloff, as well, magnifying all those concerns and making those markets look particularly week. annmarie: what about the producer prices, up the mosys 2017 in china? but cpi was relatively subdued. what you make of this? is it showing us this is a commodity super cycle in the surgery are seeing is sitting

we are counting down to asia's major market opens. shery: welcome to daybreak asia. our top stories, more paying -- more pain for bitcoin, elon musk implying that tesla may sell its holdings in the cryptocurrency. singapore and taiwan unde

including west asia the middle east that nato only has one member in asia which is turkey it has 19 military partners in the asia pacific region and what clearly came out of the nato foreign ministers meeting a few days ago was to expand that even more dramatically and you're correct it's not an asian made nato this is a different proposition right an asian nato would be the equivalent of nato in the asia pacific region this is actually expanding nato into the asia pacific and in addition to the 19 partners it already has they're envisioning no less a country than india you know being poor pulled into the nato orbit that. a pretty clear signal to china but it's also an attempt to dislodge russians being india's major military ally an arms supplier ok you know bruce i mean so that nato is solved it's really great dilemma because it never it doesn't really have a reason to exist ok russia is not a threat to nato even though we hear angelus propaganda now they want to take on russia and china they found the reason to exist here. way i look at it bruce is this is replacing the united na

i mentioned in asia, who is their number one trading partner? for the most part, it's not the united states. it's china. in fact, our share of trade with those countries is either keeping still, keeping steady or actually declining as china's part of the pie is increasing. that's number one. number two, remember president trump at that time was threatening that if congress didn't agree to usmca, he was going to get rid of nafta. and that would have totally upended 0 -- 20 years of relationships. that was a serious threat. the republican congress, they agreed to a lot in the usmca negotiation, including getting rid of the pharmaceutical ipr protections to must-haves in the tpp where the republicans were not happy that obama brought home with the other 11 asian countries. >> again, i think there are unique circumstances there and there's a lot we can learn from the usmca. as we develop this worker centric trade policy, we develop ideas off our trading partners so we don't lock ourselves into a policy that's dead on arrival with key trading partner