haidi: welcome to daybreak asia. where counting down to the market open. -- we are counting down to the market open. shery: our top stories this hour. the stakes are high as president biden and xi jinping old virtual talk -- hold virtual talks to ease tension. boris johnson calls it a game changer, some more and it pushes the hardest decisions into the future. key economic data from china with an eye on volatility in the bond market. we have breaking news. haidi: southwest gas naming 10 directors in an effort to do so. we have seen them threatening legal action on this front. the billionaire investor is opposing the energy plan to buy a company. he is to nominate 10 directors to replace the entire board. he holds a 4.9% stake in the company. they announced a deal to acquire a pipeline company last month. the stakeholder criticized the decision saying that he has been overpaying for the asset. we will continue to watch that. we are seeing that intensified battle there. trying to replace the entire board at southwest g

shery: welcome to daybreak asia. haidi: we are counting down to asia's major market opens. agent traders have new records ahead of key banking decisions by the rba. singapore's monetary authority will act on inflation. we hear from the chief. india's surprises with pledges to hit net zero emissions by 2070. shery: breaking news out of south korea. we are getting inflation numbers. when it comes to the year on year figure, we are talking about a jump of 3.2%. slightly missing expectations but big jump coming from 2.5% from the rate of inflation for the month of october. it is really reflecting the government subsidies we saw last year. it has that one-off spike in communication. a one-time mobile phone subsidies given on october 2020. month on month is a gate of 1% against missing some expectations. a bit of a slowdown from the previous month. take away prices and the core year on year cpi is coming on at 2.8%. the broader picture is take away those one off and we are still expecting to come up above the 2% target. we are expecting another rate come november, haidi. haidi: s

asia high yields and asia yield in general is worth exploring because it is a place of geography that has got some yield to the plus side, and we have seen policy flex more supportive that implies these default rates that can come down, which can be a tailwind not just for chinese high-yield directly but for broader asset classes as well, because china very important for the region and indeed globally. rishaad: thank you so much for joining us. if you are a bloomberg subscriber catch up with all of our interviews by using our interactive function tv . join the chat by sending instant messages to our team and our guest during live programming. do check it out, tv on the bloomberg terminal. ♪ juliette: still watching "bloomberg markets: asia." a check of business flash headlines as we look at selloff across asian equity markets, down by 1%. goldman sachs in the asia-pacific will be able to clean a one-time subsidy of up to $5,000 to cover because from a mandatory quarantine starting december 1. goldman is the third global bank to introduce a reimbursement program to staff imp

asia makes up 19% of revenue. the new structure is very clear as mentioned by our ceo last week that asia will continue to have a very particular point in decision-making within our strategies. especially with plan selection for our clients. resource allocations and so on. that will allow us to grow factor -- faster. we also have increased balance sheet lending globally. >> as businesses start to get back to normal in asia, how do you expect wealth businesses to perform next year? helman: as you said earlier, in asia, we had a slowdown in the last few weeks. in china, some of the technology was slowed. we may have fewer listings of chinese companies but clearly, we are building up for the listings in hong kong, for example. we expect things to be picking up again. >> what about your views on the strength of the chinese business in general given the various regulatory crackdowns we continue to see including a q1 across the property sector? helman: as you know, i have been a banker in the region for 30 years now and

heidi: welcome to daybreak: asia. shery: we are counting down to asia's major market opens. i am shery ahn. our top stories this evening. china posts a record trade surplus despite mobile supply chain disruption. sell sell sell is the result from people on mosques twitter poll on whether he should offload twin percent -- 10% of his stake in tesla. haidi: straight to the markets. sophie: we are seeing downside pressure for sydney stocks. we are keeping an eye on bhp shares this morning. 80% of its stake. look at the aussie dollar holding below 74 after the dovish stance on rights despite an out pleat -- an upbeat outlook on the economy next year. we have this happening as australia is reopening its borders to international travel. we have markets pricing what could be aussie bonds catch a bit earlier. we had the 10 year yield falling by about nine basis points. crown resort shared this morning . watching the stock as the local media is reporting that blackstone has abandoned its takeover offer for the casino operator. across the region this monday morning, futures in singapor

within that end, asia is very critical. in asia, we will continue to invest. we want to grow and they sit on the strength that we have. asia has clearly been one of our fastest growing engine for the firm globally. asia will have a critical and important decision making in various part. client selection, etc. they will continue to be growing in asia for us. anchor: how will this change reflect the importance of asia? wouldn't you be losing some competitive edge with some decision-making? >> we have a strong starting point. asia makes up about 19%. it is very clear as mentioned by our ceo. asia will continue to have a critical point. our resources allocation and so on. we will invest and a relationship manager for example, they jobs will come to asia and we will have increased balance sheet lending and the wealth management side. asia will have a bigger share of the allocation as well. anchor: as business gets back to normal and different parts of asia, how do you predict them to perform next year? >> as you said earlier, we had in asia, a slowdown the last cou

at the same time, you're in asia we have seen recovery -- here in asia we have seen recovery. the bank of korea is looking to set to raise by 25 basis points. that hike for the be ok was flagged in october. we are watching inflation gauges from other parts of asia, particularly southeast asia as well as japan. it would be quite key to take a look to see the commodities value and the oil price pushing inflation further in asia. we have noted that consumer inflation has been so strong in the u.s., may be, not quite as dramatic in this part of the world. >> we are also watching the pc ok. we have the yuan higher against the u.s. dollar. that is raising questions about how much more strength authorities will tolerate. let's discuss all of this with our chief asia economics correspondent into current -- enda curran. what does mean? i think we are at levels we saw the yuan when there was a shock evaluation in 2015. in the -- enda: first, we have the central bank. reminding everybody that this is not a one-way bet, the yuan is at a six year high. maybe, the pp you see -- the pboc wan

you are watching bloomberg markets: asia. we are still live in singapore with our very own haslinda. you have our next guest. haslinda: that is right. we continue that conversation on cryptocurrencies. facing financial institutions around the world while mastercard has decided to expand into the crypto sector. to discuss this in -- and others, we have our guest. >> thank you for having me. >> your banks have not been recognized whether they want to recognize crypto. >> it is an exciting space. we are following this very closely. i do want to say that we have some principles that we want to adhere to. for example, they must be regulatory compliance, a level playing field, stability of the currency. those are things that are very important. i will give you some examples about what we do. if the consumer wants to buy and sell crypto as an asset on our network, of course we support that. if consumer has crypto as an asset and they want to turn that into a legal currency of the country, of course we support that. if it is going to

asia is let years ahead. what is the gap between consumer banking in the united states and the consumer banking experience in asia? >> i think a couple of thoughts. one of the things that struck me from having had the privilege of 17 different markets, i've seen pockets of disruption in payments, pockets of disruption in credit. i bring all of that with me to the u.s. points of commonality are there is a diminishing value of the location. nobody including myself once to come into a physical location to send a payment, to change or transcend your account. from high-value transactions, decision i may make once or twice and in my life, i want to talk to a human sometimes i want the human interaction. we don't see that diminishing certainly not in the u.s. and a few other markets across the world either. >> this is alex in washington, d.c.. let me follow along the same lines and ask about crypto. the mayor elect in new york talk that he wants to be paid in bitcoin or crypto. how do i do that if i want to bank wit

quite we do have lots more to come on daybreak: asia. this is bloomberg. ♪ >> here is a quick check of the latest business flash headlines. jp morgan has been named the most systematically important bank. it is the only bank on the left facing a capital buffer of 2.5%. this is based on data from 2020 and largely reflects changes in the bank's underlying activity. >> they are considering boosting this after $12.2 billion bids were too low. they have received a primary bid of 50.5 zero cents percent -- per share. they own about 24% of telecom. long for his considering an ipo and hong kong which good raise as much as a billion dollars. it could list as soon as the firth -- first half of 2022. they are weighing the new listing at a time when chinese developers are facing an unprecedented liquidity prices and home prices and sales have begun to slide. best buy shares tumbled after the company warned its profit margin was being hit by a spike in the organized robberies. burglaries by large groups of people running into still items had also b

haidi: hello and welcome to "daybreak: asia." sophie: we are counting down to asia's major market opens. shery: i'm in singapore for day two of the new economy forum. agent stocks set to slip on inflation worries. oil tumbles to near six-we close while investors await news on the release of a six-week reserve. plus, the u.s. seeks dialogue with beijing as concerns mount over china's growing nuclear arsenal. haidi: let's take a look at how we are setting up here on the start of market trading in sydney. sophie: we are seeing little change, though, but we could see downside pressure. we are watching evolution expending to copper. rio shares also worth watching, but potential commodities downturn has ing warning of downside risk for the aussie dollar pulling markets below that level thursday and we are keeping and i -- keeping an eye on briscoe steel as well. we are seeing it off by about 1.5%. the kiwi dollar holding steady just ahead of a reit on inflation expectations. checking in on the offshore you on, holding below 6.38, closi

the race to net zero is anchored in east asia. this is the race that no one will win until everyone crosses the finish line. here in east asia, ifc is angering a lot of our work to help -- is anchoring a lot of our work to help the region build back in a greener, more innovative way. our work will be focused on these two pillars of development. rishaad: how did you arrive at this figure of 132 million people living in extreme poverty because of climate change? kim: we have seen that many of the countries in this region are highly vulnerable to climate because of long coastlines, for instance, in vietnam and the philippines, island nations. with rising sea temperatures, we see erosion in coastal lines. therefore, more people will either have to lose their livelihoods and migrate, or be forced to migrate. that is how we arrived at some of these numbers. david: that then brings up the issue of who does the heavy lifting. disproportionately, as you outlined, it is the poor countries that get hit. at the same time, some countries like

lots more to come on daybreak asia. this is bloomberg. ♪ vonnie: this is daybreak asia. i'm vonnie quinn. bloomberg opinion columnist is urging the fed to acknowledge that inflation is not transitory. he also told fox news sunday it's time for a change in policy and a new person in charge at the u.s. central bank might have found it easier to alter course. jerome powell has been renominated as fed chair last week and repeatedly said the fed is underestimating inflation risk. japan's retail sales increased for a second straight month, advancing 1.1% in october from the previous month and beating economist forecast. the numbers add to signs that households are resuming spending after a 30's listed an extended state of emergency. japan needs household spending to support the recovery as global supply chain destructions soften momentum from the export oriented industries. hondurans have voted in presidential elections that may upset the national party's 12 year rule and ends the nation's alliance with taiwan. the wife of a former president has been leading the polls. while t

we have more data out of asia. we are seeing the south korea pmi coming in at 50.9, which is slightly higher than in the previous month of 50.2. still in the expansionary territory. this as we continue to see strong numbers out of south korea. taiwan also doing a little worse , coming down from the previous month. taiwan has been gradually losing momentum earlier this year. the pmi was about 60. vietnam slightly changed. indonesia, a strong deceleration of 53.9. all in expansionary territory. same thing with japan where we are seeing it coming at 64.5, which is slightly higher than any the previous month let's delve into -- higher than in the previous month. kathleen, is there anything standing out to you? kathleen: all of the countries on my list are at or above 50. if you go to 55 to 5453 to 52, it is still a pretty good number. the big question after so many of these countries have pulled away from all the damage of the pandemic, can the keep going? -- can they keep going? look at korea at 50.9, they continue to

haslinda: let's get to asia stocks reporter. give us a sense of the mood for investors for this year's singles' day. >> the mood as you mentioned is pretty muted. there are a number of factors. there is the slowdown in china. supply chain constraints. the prosperity drive, which is driving some of the big tech giants like alibaba and jd.com to make sure this event is a low-key one. tech stocks that have been battered already may take a further dive tomorrow depending on what numbers we get tomorrow. depending on what numbers we get from sales growth, which is not expected to be as fantastic as it has been over the past year. rishaad: thank you so much. our asia stocks reporter. time for morning calls. it is time for sophie kamaruddin should having a look at goldman lowering its forecast. give us a sense of what they are looking at for the rest of asia. sophie: when it comes to china's slowdown, goldman saying they anticipate moderate spillover. when it comes to 2022, they're calling this the year of normalization. with the reope

we are counting down to asia's major market open. shery: welcome to "daybreak asia ." president biden stays the course, tapping jerome powell for a second term as fed chair, while picking his deputy. we speak exclusively to the atlanta fed chief in a few minutes. we will ask raphael bostic about his inflation outlook. also ahead, opec-plus warns the may taper supply increases if the u.s. and other nations release crude reserves. haidi: let's take a look at how we are setting up for the start of trading in sydney. this as asian investors wake up with probably some relief but it the continuity candidate president biden has picked to continue leadership at the fed. full steam ahead when it comes to the fed tightening with the rate hike, debt, and the acceleration of the tapering program. about .9% when it comes to trading in sydney here as we get that session underway. in new zealand we are seeing upside of about .5% going into rbnz decision week. the hike is already priced into markets. kospi futures looking very robust at 2.3% higher and s&p futures looking like a littl

asia has significantly underperformed. asia has much more to do with the regulatory tightening we saw in china than anything else. looking forward, unless we see a shift, in terms of the policy and u.s. dollar, i don't think it will be a meaningful driver for the credit return. and i don't see many other asset classes outside of credit that can actually provide that income. and in asia, a large part of the market, that is providing you that income. it should not be that impacted by the inflation outlook unless you see is significant runoff in inflation. yvonne: we will talk about china in the next segment. i want to get your take on asean. a lot of focus on the reopening efforts in countries like thailand. what does it mean from a credit perspective? >> overall, the reopening is something positive for these economies. specifically thinking about a country like thailand, more than 10% of gdp driven by tourism pre-covid. it is a positive development from a macro economic perspective. it basically keeps policymakers more vigi

and asia. asia dragged down by chinese tech stocks. the nikkei bumped on the back of stimulus plans, then it ended slightly lower. the european stoxx 600, gaining 0.1%. germany, gains of 0.2%. the ftse is lower. iron ore prices are lower. wti and brent both below $80 a barrel. let's of a look at sector by sector. financials and focus. metro bank ending the talks with carlyle group. financials will be feeling it as well. at the bottom of the list, energy down. travel and leisure followed by autos at the top of the list. interesting that the auto numbers falling almost 30%. that is the sector look 30 minutes into the trading day here in europe. let's get the bloomberg first word news with laura wright. >> many european governments are adding new restrictions on the unvaccinated as they battle a new wave of covid infections. germany reported 50,000 cases in a single day and it is limiting workplace access to people who are vaccinated, recovered, or provide a negative test. belgium is reinstating work from home despite opposition from some

asia x japan, asia m&a falling oh over 75%. china has been up lately slightly less than 10%. even though china has been grinding to a halt, but it has been upset by inbounds and a lot of the development of china businesses. rishaad: just having a look at this headline just crossing the bloomberg, to do with china, iron ore futures have climbed to the daily limit all down to the demand outlook as well. sorry for interrupting. carry-on. tell us about the main drivers for m&a. which of the industry groups most perhaps are in focus here? >> the most in focus are with a call tm to you, but if you peel the leaders, it is anything tech related. it can be consumer tech, industrial tech, and application tech as well. at the same time, industrial has been coming up with a lot of volume where it anything tech related. consumer has been slightly down but surprisingly, we have seen a lot of high-profile consumer deals in the last year. also in thailand, the merger of the cpu motors and macro supermarket chains. yvonne: are you looking at maybe next year seeing more blockbuster deals? we h

>> welcome to daybreak: asia. i am haidi stroud-watts and cindy. >> -- in sydney. >> i am sophie kamaruddin in hong kong. >> i am shery ahn. a growing amount of market watchers say the fed may have to speed up its timeline. asian stocks set to follow choppy u.s. trading session. plus president biden and xi jinping begin their virtual summer shortly. -- summit shortly. taiwan is a topic set to dominate. >> asia is seeing a drifting start. a directionless session. tesla is nearing their market territory. that is what to watch when it comes to the supplies here in asia. this is what we are seeing when it comes to the a6. .1% at the last trade. we are seeing new zealand softer by .1%. we are just one hour away from the start of trading. s&p futures are looking pretty flat at the moment. we are watching bond markets regionally. all of this amid concerns that we will continue to see inflation move quicker. we have already seen some of those moves in this part of the world. we are getting these minutes. we are speaking a

david: i was going to ask about southeast asia. and if you could parse southeast asia for us. james: it's a very good question. from an index perspective, is critical to recognize that with a lot of our indexes, and is true on of global basis, it's rotational price within ashtrays within the index that we have to be most focused on. rotational trades have continue to be excited about industrials and increasingly the energy space. we published a piece of analysis indicating that for oil to just normalize from evaluation perspective relative to other asset classes, you're looking at a price per barrel of $115, higher than we are today. we do see structural upward pricing pressure after move to a green economy. is critical to recognize that as we make these transitions, we are seeing a significant reduction in supply from traditional energy sources that is occurring faster than the increases we are seeing on the back of renewables. by definition if you see significant leak greater reduction in supply, if you see structural pressures off the back of the green energy move. david: h

this is bloomberg. ♪ >> welcome to "daybreak asia", i'm haidi stroud-watts in sydney. >> asia's major markets have opened for trade. our top stories this hour. asian stocks rise after wall street rebounds as worries over the omicron variant. still risk on and bond market with jay powell warning a risk could hit -- stronger developer tries to sell investors on a debt swap. >> we do have breaking news. we are hearing that the hedge fund has asked them to separate the call business to add more value to shareholders, saying it has become a pair years to investment saying that the commodity giant could realize more value for shareholders as it separates the business and supervise its asset base and discloses the asset and the government issues. partners are making the demands for the company that has been cited by bloomberg. they have seen no further comments when it comes to that, other than what we saw beyond the letter, saying that glencore engages regularly with its investors. this comes as we just hear from a new report that glencore australian coal mine has been revealed in this new

you're watching bloomberg markets asia. -- welcome back. you're watching markets markets asia. haslinda amin is there on the ground with our next guest. haslinda: well, so much buzz here, yvonne. let's bring in our next guest, sebastien bazin c.e.o. of europe's largest talia accor. the company runs 5,000 hotels in more than 100 countries from economy brands such as ibes to high end ones like fairmont and ruffles. good to have you with us and good to see you in person. sebastien: not one of my hotels and nothing i can do about it. next year. [laughter] haslinda: it is tough times. we talked about how perhaps some countries are opening up. others are still closing. the likes of australia, austria even and china is now going into lockdown mode as well. and how do you do business? what's the outlook for hotels? sebastien: well, it's -- you copy with -- you crop with it. you adapt with it. and a lot of humility because things you don't control and know you don't control them. but by the same token i was in new york four days ago and 10 days ago in riyadh business is back. much stron

much more to come on daybreak asia. this is bloomberg. ♪ rg. ♪ >> consumer confidence recovery on foot here in australia. the consumer confidence is engaged coming in at .6 of 1%. the index when it comes to the headline number at 105.3 stronger than the 104.6. and major cities including here in sydney and melbourne. well in the meantime, we are continuing the fallout from ships, to toys, to coffee. we go to the latest. >> these are the top stories. on the semiconductor front, t.m.c. is expanding to japan. the chip maker will build a plant there with the help of sony and governments are trying to boost manufacturing capabilities and shifting to china where inflation numbers. october factory numbers and are rising at the fastest price and amid the commodity boom. and a spike will impact businesses and battling weak demand. president biden spoke with the c.e.o.'s of companies critical. wal-mart, fed ex and target that store shelves will be stocked for the holiday season. ongoing supply chain disruptions and higher food

here's your weather story for asia. we do have some dry spells across bunch of indo china, but still getting striped with them. heavy rain for southern vietnam on friday. i want to take you to china right now. a batch of rain is falling in between the gang san pearl river valley shooting out toward the east. so this isn't packed in shanghai, but it's also drying in some warmer air with it. so, hong kong, up to $28.00 degrees. now we'll just suppose that what's going on in beijing doesn't look so bad right now at 16, but look at the 3 day forecasts. we'll get some rain in there, but it will switch to snow and potentially up to 10 centimeters of snow. by the time the weekend is done, we're going down under right now, we've got a front sliding across the bytes. some storms were seen them pop up through western australia and as we had towards south australia this eventually making its way into adelaide. not until saturday, and it's going to be some light showers, but the wind direction shifts toward the south so that kicks

which i think is a big risk for asia. rishaad: cole was a big deal at the g20 and is likely to be a big issue at cup 26 -- cop26. how does one move away from it? quickstart answer is i don't think there is a plan. at every policy level, the fiscal and planning level, need to complete rewiring of countries like, not just india, but also australia, indonesia, and europe, the usual suspects. the proof is in the pudding. i don't see real thinking in terms of an action plan. we are in the midst of a global energy crisis, mind you, which i think -- a lot of these countries are used to the leverage. we need coal because we cannot rely on imports and fossil fuel prices. we see a lot of that conversation. i don't see a lot of -- the pain points getting resolved. we have to look ahead and see what lies ahead for us. i think the current energy crisis is a scenario. yvonne: the energy crunch is going to make commitments harder. from an investors perspective, esg is very much a buzz word right now. what is something you can advise in

it's go over to asia where people are just starting their day. what can we expect to see any terms of lockdowns and virus particles? let's bring in jason in australia. a lot of people looking to asia with some of the lockdowns and talk over there, which are little more strict. >> yes indeed. it is a case of we have to watch this space in terms of how this is going to play out in asia. we have already several cases in australia. none of them have been severe. there really is a lot of interest in understanding more about what this is going to mean. sonali: what does it mean in terms of any restrictions we have in terms of travel moving forward? how will this impact people in goods moving around? -- people and goods moving around? dark i think it remains to be seen. we don't really know enough about the virus. don't know how transmissible it is or how much more disease it could cause or its ability to escape protection from a prior infection or vaccination. we just have to see how this plays out. romaine: is there a need to close borders here? is th

paul: welcome to "daybreak asia". investors weigh the risk of faster tapering after the latest fad minutes -- the latest fed minutes. shery: weighing a potential rate hike in south korea, with visions that the bok may turn hawkish in the year ahead. jp morgan goes into damage control, ceo jamie dimon saying he regrets his comments about china's communist party. paul: we just opened for trade in sydney. let's look at the asx, a couple of points higher. we have the staggered open in australia. stocks are coming off-line in alphabetical order, so we will give that a few minutes to get going for we can make a call. new zealand has been trading for a couple of hours, currently higher by 0.25%. we had some trade balance numbers for october out of new zealand earlier, $1.3 billion surplus, a bit weaker from september. take a look at the nikkei futures, currently looking kind of flat. a little later on, we will be. -- a little later on, we will be having a bank of korea meeting. we are expecting a rate hike. economists survey

and we will do that across all of asia. i think there is a wealth of opportunities in hong kong still. china definitely. singapore, absolutely. also india. that will be a combination of organic investment, recruiting people, and in singapore, we brought a business, or in the process of buying a business, bringing that business together with our insurance business. we have a much more powerful wealth proposition in singapore. i'm looking at three or four other opportunities as full-time acquisitions over the next few months across asia. >> have you spoken to hong kong authorities so you don't have to do a quarantine every time you come back? >> i'm not planning a trip at the moment. i think it is important for hong kong to establish what they need to establish with china on reopening the hong kong-china border. i don't want to do anything that might jeopardize that. i would love to get to hong kong as soon as i can. and go back, i will do. manus: hsbc group ceo noah quinn -- noel quinn speaking to francine lacqua in singapor

. >> welcome to "daybreak: asia." u.s. stocks extend record highs, the bond curve steepen's, after the fed is in no rush to raise rates. a geopolitical showdown, as washington demands loyalty keep a lid on inflation. plus, why masayoshi son is struggling to keep partners happy, while many had for the exits. >> the start of trading in sydney, the staggered open for the asx 200, very little change, a 10th of 1% higher, this, as the fed saying they would be patient as they can on inflation, if needed. asian stocks broadly looking to see gains on the back of new record highs for u.s. equities, after that expected tapering plan was unveiled. stocks looking flat, kiwi stocks flap, chicago coming back online after the holiday. 3/10 of 1% higher for the future session. s&p futures look set for further gains, a 10th of 1% higher. >> you said it. we saw the fed releasing policy, that commitment towards remaining accommodative. it seems markets were happy with that. they gave their approval with the s&p 500, all indices closing at re

here is your weather story for asia. we have dries spell across indochina. still getting struck with heavy rain for southern vietnam on friday. going to take you to china. a batch of rain falling at the pearl river valley, shooting toward the east. this isn't impacting shanghai. but bringing in warmer air. hong kong, up to 20 degrees. we will juxtapose that to what is going on in beijing. doesn't look bad right now at 16. look at the three day forecast. we will get rain in there. it will switch to snow and potentially up to 10 centimeters of snow by the time the weekend is done. going down under right now. we have the front sliding across the bite. some storms, seeing them pop up through western australia. as we head toward south australia, this making its way into adelaide, not until saturday. it is going to be light showers but the wind direction shifts toward the south. that kicks down your temperature to 21. we have seen a lot of rain for new zealand's lord -- north island. they have declared a state of emergency after three times above the average novem

and experts say floating sola is an ideal fit for many countries in se, asia, most of the benefit is that you require a little, you know, land to put on. so there is no land occupation fee and area with high population density. good grid access, and high energy demand may, you know, the floating system will be assumed choice. se asia is now home to several floating solar projects and more are in the early stages of development. this is the toronto reservoir in west java. we're in denisia supposed to floating solar power plant is being developed. the early stages of construction are underway and it should be operational by late next year. it will be the 1st of many here in indonesia, the $100.00. this video shows what the final project will look like, or as or, or goal is to show indonesia is capable of building floating solar panels, the biggest in se, asia. there are also cost saving benefits. vanessa combined is slightly more expensive than ground mounted solar panels. but because the temperature is low in the risk of war, the output will be higher. many southeast asian countries h

as asia opens for a fresh week of trading. let's get to vonnie quinn. >> profit growth at china's industrial firms rebounded for a second month driven by mining and manufacturing of raw materials. industrial profit climbed 24.6%. in october from a year earlier. lou mary economic said the acceleration last month was boosted by the surge in factory great prices and the recovery in output from power shortage woes. president biden says americans will see prices at the pump fall but it will take time. he tweeted the message after the u.s. and other nations announced they would release millions of barrels of reserves. opec-plus will be meeting this week to decide whether to go ahead with its plan for a january supply increase. the australian prime minister is proposing new legislation that would force new social media firms -- under the laws, people who believe they have been defamed could get a court order forcing companies to disclose who is behind the post. if companies refuse, they would have to pay defamation costs. social medi

shery: welcome to "daybreak: asia." the hottest u.s. inflation trend in 30 years is said to wait on agent risk appetite. treasury yields search -- surged across -- u.s. and china promising to work together to slow global warming. immigrant -- evergrande set to avert another default. paul just opened for trade in australia, currently has asked a tad weaker but a few points but we have a staggered opening in austria so we will check back later, big date -- date for data . employment numbers, we are watching the participation rate which has been weak here so that may have an impact on what we see the aussie dollar doing. take a look at new zealand, trading for a couple of hours, continuing to show modest gains up about .25 of 1%, nikkei futures flat and s&p futures trading flat as well after we saw a reasonable amount of selling for u.s. equities mostly off the back of inflation concerns. superlatives abound, up 6.2% on year, the highest since 1990 and it really did blow past estimates. as you drill into those numbers the picture becomes c

plenty more to come on "daybreak: asia." this is bloomberg. ♪ paul: a quick check of the latest business flash headlines. alibaba with an outlook for sales, china's top -- short of the 27% analysts were expecting. alibaba says it will continue building features to retain customers. sales missed estimates for second straight quarter and drops more than 80%. jd.com sales beat estimates, revenue climbed to 34 billion, slightly higher than expected. reports net losses of about 400 million, falling short of expectations of a small profit. they have increased to diversify beyond its additional strength in consumer electronics. india's largest digital payments provider lost more than a quarter of its value, heading for one of the worst ever debuts by major tech company. a 26% plunge surprised even some skeptics who question the company's valuation. the offer was india's biggest ever ipo. cvc capital partners, valued at around $5 billion, marking one of the biggest carveouts by european companies. demand for tea has suffered in re

thank you very much for _ asia to follow. thank you very much for being _ asia to follow. thank you very much for being with _ asia to follow. thank you very much for being with us. - friday is used today and we will later talk to a leader in youth activism later in the programme. let's turn to coronavirus and a warning from the world health organization that europe is once again at the epicentre of the pandemic. the who says europe could face another half a million deaths before the end of winter if the outbreak isn't brought under control. the continent has recorded a 55% rise in cases over the past four weeks, despite the availability of vaccines. courtney bembridge has this report. romania's hospitals are at breaking point as the country struggles to deal with a fourth wave of coronavirus infections. more than 3000 romanians have died with covid—i9 over the past week. most of them unvaccinated. the country has the second lowest vaccination rate in the european union, just over one third of the adult population has had to doses. population has had two doses. the rate

watching some of these names in asia. lower by close to 9%. this is on biogen's drug a set backs in europe. a mixed picture. rather key theme has been the property space. a lot of news when it comes to raising money. selling the steaks at discounts. the latest one is evergrande telling the entire state. -- entire stake. looking at other things when it comes to yang. a lot of concerns still on these bond coupon payments. take a look at tech. still earnings day when it comes to alibaba and jd.com. 5% for alibaba shares. i guess you can say the bad news came from baidu and the billy billy. let's take you to our panel on the bloomberg new economy form. a new panel we have been talking about focused on agriculture. stephanie moderating that. feeding the world, agriculture and the health of the planet. this is what we are hearing so far on the sidelines of the new economy form. markets are still very much in a bit of trouble. risk off session overall. let's listen in in singapore. >> fertilizer prices going to an all-time high. there is of that imme

we stay on this trajectory, we could see another half a 1000000 of it, 19 bits in europe and central asia by the 1st of february, next year. and 43 countries in already, and we'll face high to extreme stress on hospital bits at some point through the same period, john hall has more from london 78000000 new infections currently recorded across those 53 countries. that number is higher than the cumulative total of southeast asia, east mediterranean, the western pacific, and the whole of africa. and those numbers mr. clue pointed out a going up by around a quarter of a 1000000 infections every single day. and 3600 deaths being recorded every single day and half a 1000000 potentially by february. that's just 4 months from now. why is this happening? well, the w h o pointed to potential causal factors. the 1st he said was the relaxation of public health and social measures. you can take the u. k. as an example of that were mandatory precautions were lifted in july, much of the population here going about their lives as if the threat has largely passed. and secondly, he said insufficient vaccin

our goal is to show indonesia is capable of building floating solar panels, the biggest in se, asia. there are also cost saving benefits from the set up on, but it is slightly more expensive than ground mounted solar panels. but because the temperature is low in the risk of war, the output will be higher. many southeast asian countries have announced their aim to achieve carbon neutrality by 2050 or shortly after floating solar technology may be an important part of realizing those goals. jessica washington al jazeera london and ghana found the 1st puleo vaccination campaign since the taliban came to par. it's being launch game is immune if millions of children against the crippling disease and asthma home had fall, reports the campaign signals a change in policy towards vaccines. from the country's new withers. medical volunteers in the african capital cover going from door to door to deliver anti polio. but the problem that you do want to come point during this campaign around $1300000.00 children will be vaccinated. we have 7130 volunteers carrying out the program. and the ultimat

and europe and asia are on alert. stay with us. ♪ >> let's look at the weather across south asia. dryer to the north in india and went to the south but that will change. one circulation is to the west, the other to the east, bringing torrential downpours to areas where there are warnings in svitolina, as well. we could see further flooding. -- sri lanka, as well. we could see further flooding. looking better to the north in new delhi and pakistan but the air quality remains unhealthy and hazardous. settled in east asia. large areas of china have dried up across the south. the wet weather has pulled out and gone to the japanese islands . the korean peninsula is fine and dry. 50° in seoul, korea. >> the weather, sponsored by qatar at ways -- airways. >> a couple and their daughter decide to quit the rat race. >> let's throw everything away. >> we expose the simple living movement, reducing personal consumption, credit, and clutter. a similar life, on -- simpler life, on al jazeera. ♪ >> welcome back. medics in sudan say at least 15 have been shot by -- shot dead by military force

you can see it across many parts of asia in fact. most significantly in some of these smaller islands where we are seeing higher rates. of course, that is also in adults. rishaad: they said all adults, obviously, they cannot do children. david: exactly -- michelle: exactly. once you get to that level, it depends what the vaccine you are giving and what protection you will get from the vaccines you will see the serious diseases then deaths dropping as well. rishaad: michelle cortez, senior medical reporter for bloomberg. we have got a win for india's farmers as narendra modi reverses a contentious law. we will discuss the details of that and what is at stake with vijoo krishnan . this is bloomberg. ♪ rishaad: a look at mumbai. there is just about six minutes before we get to the trading day underway in the indian financial capital. nifty futures contract suggesting we are seeing gains, alongside many parts of this where we have seen a turnaround. let's look at what investors will be watching for. we have the u.s. trade representativ

comcast business powering possibilities. ♪ yvonne: welcome to "daybreak: asia" from bloomberg's asia headquarters here in hong kong. paul: korea has just opened for trade. banks set to dominate trading. the rbnz tells us it will keep removing stimulus to keep removing domestic price pressures and hong kong plans to open its border to mainland china just as a new worrying variant of the virus is detected in the city. yvonne: we are seeing a bit of a risk obsession here when it comes to south korea as well. they are considering strengthening from these quarantine measures as well as we continue to deal with these flareups in covid, also when it comes to market moves, we are still dealing with a little bit up risk assets and a bit of trouble today. the nikkei lower. the japanese yen, that reversal a little bit when it comes to that yen weakness, but we are still hovering around one 15.09. new boj board members saying inflation is creeping up finally in japan. take a look at when it comes to the open. we are focused a little bit more on what is going on with this rotation, the likes of s

first, i think the threat to russia to europe is less than china to asia. russia will not be able to take on europe, it might break apart nato, but not the same league as china taking over the position in asia. moreover, the europeans are more than capable of mounding a defense, more or less with american assistance and they outweigh russia in late tent power and they should and i hope we push them on that front. and finally i think we need to moderate our amount of defense spending. the paradox of military spending, you want to keep it low so american private citizen should decide where to put their money. if you spend too much on defense, it can have a negative impact on the economy. if you spend too much little, if we spent more in dea employed forces in world war ii it would have cost lost in the long run, go en-- again that's the debate and given the level of resources talked about being al evaluated and the biden administration effectively called for a cut in the budget. and we can't get caught up in other areas at the same time. >> there's a common d

it takes in a large portion of central asia as well. 78000000 new infections currently recorded across those 53 countries. that number is higher than the cumulative total of southeast asia, east mediterranean, the western pacific, and the whole of africa. and those numbers mr. clue pointed out a going up by around a quarter of a 1000000 infections every single day. and 3600 deaths being recorded every single day. and you heard his predictions there, of the possibility of all those new deaths, half a 1000000 potentially by february. that's just 4 months from now. why is this happening? well, the w h o pointed to potential causal factors. the 1st he said was the relaxation of public health and social measures. you can take the u. k. as an example of that were mandatory precautions were lifted in july, much of the population here going about their lives as if the threat has largely passed. and secondly, he said insufficient vaccination coverage. now broadly, that's about 2 things. that's about people who had the vaccination. 6 months or more ago, finding that their immunization, that prot

so i suspect you'll notice that one of your showers may while across se asia, some lobby showers there into the philippines, southern parts of indo, china usual splattering of showers there, across malaysia and on into indonesia. some very heavy re me while across southern parts of in the us and big downpours coming through here for a scenario of the country and little circulation in the arabian sea. turning a wet to the west, ah, killing the debate, 90 percent of the world's refugees have come from of climate impacted countries. in the climate, the emergency is putting more pressure on cities across the world and amplify your voice. it's not really the future, it's now not a lock can simply cannot lose hope. we know what to do and we have the tools to do get all this on out. is the era lou? ah, just after course, posterior watching al jazeera alive from doha. i'm peach adobe. your top stories. international alarm over what's going on in ethiopia is growing. the e. u has called for an immediate cease fire. and the u. s. embassy is allowing some staff and their families to leave you. ca

i about asia? are we lagging behind here?— about asia? are we lagging behind here? ., ., behind here? i would not say it la: um: behind here? i would not say it lagging behind _ behind here? i would not say it lagging behind but— behind here? i would not say it lagging behind but there's - behind here? i would not say it lagging behind but there's a i lagging behind but there's a lot of opportunity in asia and for businesses to seize the opportunity to position their businesses. globally we are seeing evidence of over 70% of consumers willing to change their consumption habits to choose products and services to have a reduced impact on the environment.— have a reduced impact on the environment. branson company startin: environment. branson company starting to — environment. branson company starting to pay _ environment. branson company starting to pay attention to - starting to pay attention to those ego friendly consumers but bigger worry is if it will make any difference. individual action plays — make any difference. individual action plays a _ make any d

. >> we are counting down to asia's major market open. global stocks rise as signs of a stalled recovery in the u.s., jitters over inflation. goldman protects the fed will speed up its taper timeline due to price pressures. paul: we talked to the rbnz's assistant governor for the timeline on more aggressive policy tightening. yvonne: the u.k. revises its travel red list amid concerns of the new governor ivey is variant -- new coronavirus variant in the region. happy thanksgiving. we hope you're getting your turkey in. that is why we have a quiet mood in the markets as we count down to the open in asia. perhaps that is why we are seeing people heading to the shops or online for cyber monday or black friday. you look at the numbers and it is quite remarkable. adobe predicting when it comes to u.s. online holiday sales this year, it will total $189 billion. shattering all previous records. that is equal to two year's growth in one season. does inflation have to do with this? you pair that with the data we got out of this week from the u.s. w

and experts say floating sola is an ideal fit for many countries in se asia, most of the benefit is that you require a little, you know, land to put on. so there is no land or oxidation fee and the area with high population density, good grid access and high energy demand may, you know, the floating system will be a choice. se asia is now home to several floating solar projects and more are in the early stages of development. this is the toronto reservoir in west java, we're in denisia supposed to floating solar power plant is being developed. the early stages of construction are underway and it should be operational by late next year. it will be the 1st of many here in indonesia, the $100.00. this video shows what the final project will look like. as or, or goal is to show indonesia is capable of building floating solar panels, the biggest in se, asia. there are also cost saving benefits. vanessa combined is slightly more expensive than ground mounted solar panels. but because the temperature is low in the risk of war, the output will be higher. many southeast asian countries have annou

i moved to asia and while i was u- music. i moved to asia and while i was no there _ music. i moved to asia and while i was no there i— music. i moved to asia and while i was up there i turned _ music. i moved to asia and while i was up there i turned an _ music. i moved to asia and while i was up there i turned an old i music. i moved to asia and while i was up there i turned an old hobbyj was up there i turned an old hobby into a job. so i started djing in the year 2000, garage music. djing and might burning man community, the festival that happens out in nevada once a year, got me into some of the avengers porch light tight surfing and skiing. and got to meet a guy called gordon great, a former era pick—up skier who skied for the us and says your technique is absolutely atrocious. but what i cannot buy them for the life of me is how i am keeping up with him. you are fearless. the fact that you are fearless means you have more than half the battle won. so i have gone from never having skied before six years ago to now being in races where i'm actually competing against

well, health officials track a strain of bird flew has been found in asia and europe. ah, i purchased eaters, in sudan say at least 11 people have been shot dead by security forces during another mass rally against last month's military takeover. ah, dozens of people have been injured by live fire and tear gas, according to the central committee of sudanese doctors. thousands of demonstrators marching across the capitol cartoon and several other cities demanding a full handover to civilian rule. they want the leaders of october was military takeover to be tried in court. now me has locked down several areas and closed bridges. include a mechanism bridge, undermine bridge, and tuchi bridge. the aim is to stop protest as for moving south and joining up in central cartoon. i shall said, he has been national streets of the capital. among the professors. we are in the bullet district off deck capitol, of sudan cartoon, and to broadcasters started to gather around one p m local time, which is the usual trotter practice for the protest. they're not tied security measures all