haidi: welcome to "daybreak: australia." we are counting down to asia's major market opens. a mix start ahead for asian stocks. investors bracing for another busy week of central-bank activity and earnings headlined by nvidia. also, rescue teams searching for iran's president and foreign minister after the helicopter crashes in dense fog with conditions described as extremely difficult. stephen: we will have live reaction and analysis as lai takes his heart -- haidi: tension regardless of how you characterize the relationship. plenty of politics and economic data as well as essential bank

decisions on tap. this is the picture as we set up here in sydney. we are looking higher. stocks are set to climb more broadly across the region. u.s. equities with a french -- fresh record high. we had some moves by beijing to shore up china's property market. some analysts say the housing rescue policy measures are too small to make a meaningful difference. a50 china futures looking pretty optimistic look at how u.s. futures are looking. watching commodities and energy markets. given uncertainties around the middle east with iran's leader and foreign minister missing, we will bring you more details on that. brent crude holding steady just

under the $84 a barrel lever -- level. we saw a weekly gain for oil. a little more uncertainty as we start off the week. rescue teams in iran are searching for their president after the helicopter he was traveling in crashed. dense fog is making conditions extremely difficult. what do we know? michael: he was an azure by jean which is obviously the neighboring country and was flying back after a sermon he on the border. there is the country of azerbaijan, and the north of iran is also called out there by jean. it is a very dense area. his helicopter is believed to have crashed.

there are reports there were nine people on the helicopter. they are trying to get to an inaccessible area. the president was elected in 2021. it is very conservative and popular with the supreme leader. some people say he was being groomed to be the supreme leader. even though he is the president he is not the true power in iran , that is the supreme leader. if it turns out he has died, what will happen is the first vice president will step in for about 50 days and a group of guardians will organize elections to replace him. at this stage we don't have a lot more information. just because of the regional

tensions at the moment they will be a lot of speculation. but it does seem at this stage like an accident. haidi: should we expect this to progress in the worst case scenario do we expect policy continuity? michael: you suspect so. there was a significant process in iran in 2022. there was the death of a young girl who was arrested by the morality police and she died in custody which led to a lot of upheaval there. it is a very young population, they are not happy with the government. there are severe sanctions on iran. a lot of young people are looking for work. so the government is sort of in holding down the population phase. the likelihood of them risking a more moderate person seems unlikely, particularly with the gaza war going on, the axis of resistance they caught with

hezbollah and the houthis in yemen as well. a hardliner be the most logical replacement. but we have to wait and see. haidi: netanyahu will be watching this very closely i am sure. a quite a bit of chaos there. michael: it is an interesting time. we have shifted to politics now. one of the opposition leaders delivered an ultimatum to netanyahu with a series of demands saying that he will leave the war cabinet. the defense minister is from netanyahu's party, also criticized the prime minister saying there is no plan for gaza after the war ends. basically this triumvirate which had worked initially in the war has broken down in recent weeks. the difficulty is on the one hand, that does not look great for netanyahu, but he still holds a in the parliament.

he just has to basically get through to july when there will be a recess in israel's parliament. that means there cannot be elections held until 2025. so it looks like he will be ok. he is much more experienced. haidi: you can of course get a lot more on what is happening in the middle east in today's edition of daybreak. terminal subscribers can find that at dayb and on the mobile in the bloomberg anywhere app. sticking with politics, taiwan's new president said to be sworn in. his inauguration address will be closely scrutinized for plans on how the -- stephen engle is in taipei and joins us. closely scrutinized. what will you be watching out for? stephen: we will be watching out for his tone and any comments

about how his head -- his new administration will run taiwan. the previous two terms, he was the vice president. has more of a pro-independence stance than the kmt. they have rattled the nerves in beijing no doubt. this election was won by lai ching, but it weakened the mandate coming into office. he got about 40% of the votes. he did not have that strong mandate. the kmt did not fare that well either. it was the third party candidate winning 26.5%. those two opposition candidates won far more votes, and the kmt took one seat more in the legislature than the ruling dpp.

that will set up potentially for a contentious term for the new president who will be sworn in later this morning. that sets up the polarization within this island nation of 25 million people. and how does that relate to policy. i expect lai ching-te to talk about continuity, about reaffirming the status quo across state relations. keep in mind during the last eight years, essentially taiwan became a bit more isolated. and also, became more of a flashpoint in cross strait relations as the u.s. also amped up its rhetoric and support for taiwan. keep in mind, since 2016, taiwan lost five central american governments, diplomatic relations. and on the day of the election victory for lai ching-te, they lost a pacific island nation.

that is two they have lost in the asia-pacific including solomon islands. they just have diplomatic relations with 12 countries around the world, and we are talking small countries. the prime minister of belize is here, the president of paraguay will be here, also the leaders of the marshall islands and others from central america. but it's a dwindling collection of countries that recognize taiwan over beijing. so that is something as well to stem the tide, the dominoes trickling down over the next four years of this first term, potentially first term of lai ching-te. haidi: there is also the issue of the power being amassed by the kmt. we got another glimpse of just how colorful or active domestic politics can be on friday.

stephen: that's right. there was a bit of a scuffle in the legislate, if you want. the kmt clearly going to try and take advantage of its one seat advantage in the legislative you want. they won 53 seats in the 113 member body, one more than the dpp. the tpp secured eight, and there are two independents. those two are said to be more kmt leaning. so what we are hearing is the kmt will try and use that advantage to push through this bill that is being discussed and that is what this scuffle was all about. they want to put the pressure on lai ching-te in his opening days by forcing an annual state of the nation address directly to the members of the legislative you want. they also want a separate annual meeting between the president and the members of the legislative yuan. if he's deemed by them, lai

ching-te, is deemed to be lying, that could be a jail offense. that is something the dpp said the process of this rushed bill is unconstitutional. the president and the new vice president will be sworn in today, several months after the january election victory. the new members of the parliament took offive -- office in february. so they have had time to build up the strategy and see how potentially could undermine the new president who came in with much less of a mandate than the previous president over the last eight years. so it'll be a very interesting first day for lai ching-te. we will see what tone he strikes. the front pages of the newspapers are all about this. front page, backpage, everything is about the inauguration.

yesterday, lai ching-te and his running mate, the new vice president, went shrimp fishing with heads of states of diplomatic partners. it's kind of symbolic. in an island nation that is fairly small with a dwindling number of diplomatic partners, they went shrimp fishing. so, i will just leave it at that. haidi: chief north asia correspondent stephen engle in taipei. we will get more analysis when it comes to taipei throughout the day. lai ching-te taking his oath of office. these voices are coming up at the times of your screen. the big political story we are watching closely, china is investigating a minister for agriculture and rural affairs. he's the latest high-level official to be investigated for alleged wrongdoing. he was appointed in 2020.

president xi jinping has headed a sweeping anticorruption campaign since 2012, ensnaring dozens of communist party officials. more to come. this is bloomberg. ♪

haidi: let's take a quick look at the week ahead.

another big few days are essential banks. decisions of new zealand, indonesia, and south carolina. we see holds across the board. the fed and the rba releasing minutes from their latest meetings. later monday chinese banks will keep their loan primary study for a third straight month after last week's pboc hold. cpi readings do out of japan, singapore, and malaysia. nvidia headlining the week's earnings releases. bloomberg intelligence expects the world's most valuable chipmaker to repeat another solid beat thanks to ai demand. chinese ev makers will release results on the heels of tesla's bruising reports. let's bring in our next guest, chief asian economist from hsbc. always great to chat with you. the overlay to all of this is central-bank policy. we are expecting holds across

the boards. i wonder, the buildup of data we have had when it comes to the u.s., are you convinced that steady and significant progress is being made when it comes to inflation? frederic: it is not yet clear we are out of the woods with inflation. core inflation is still running very high in the u.s. and some other asian economies. so central bakers -- bankers would like to ease monetary policy. they are worried about keeping it too tight for too long. but the date it does not give the opening yet. in asia we have three central banks meeting this week and all of them will probably stay on hold. we are watching very closely at the nuances that they are messaging, trying to discern what they are thinking about the next steps ahead. haidi: are you concerned about stagflation still being a risk? jay powell shrug that off but i know for japan that is something you're watching. frederic: it is still a theme

because we know price pressures are sticking. that is the risk of a slowdown in economic growth. and we would not rule out that maybe some central banks may hike interest rates. that is still on the table. certainly one of the fed speakers last week indicated that a hike is still possible. here in asia of course the central bank of japan may need to raise interest rates. because inflation is just getting away from them. growth was slow. we had fairly poor growth of gdp number and the high inflation is not helping consumer confidence. central bankers really have their work cut out for them. stagflation is certainly a bit of a theme in japan at the moment. haidi: of course this time around there is no heavy lifting if you will being done from china. what do you make of these latest efforts to try and support the property sector? we had a report out suggesting direct purchases from local

government was going to be something they are considering. do we need more of a big bang from there? frederic: their market certainly took it well friday because it senses greater urgency in beijing. we are thinking of dialing up their response. having said that, the numbers in terms of funding being put behind this, it is still not quite where it needs to be to have a quick fix. so what is encouraging is that we have new tools to address this issue but i think the market is still looking for what exactly are the funding numbers behind us. how much muscle as the central government going to put behind these policies. are they going to look to local governments to fund this or are they going to make more money available centrally? the latter will be important to get us going again. so watch this space. hopefully more money is coming. but in itself, probably not enough to be the end of the policy response. haidi: what is the structural

future and outlook for china? there is a sense that the slower for longer normal or something that investors need to become accustomed to. frederic: certainly it is lower for longer in a sense we are not going to back to these extraordinary growth rates of decades past. having said that, we are probably a bit of a low point at the moment. we think there is some improvement coming through not just in terms of real gdp growth but nominee will -- nominal gdp growth as well. that matters for profitability, investor sentiment, just as much as real gdp growth does. we think some improvement coming through here but remember, you are not going to do much -- get much headway unless you see the property sector -- market really turn a corner. and we are not there yet. even the measures on friday will only get us a little closer to

that but not yet over the line on property. fixed properties the first priority and then the economy should do a lot better overall. haidi: it is clear going into november that we are seeing tariffs and these putative trade actions as being all part of the mainstream toolkit. this is not something that is the showcase. what does it mean for risks for asia as a region but particularly china? frederic: perch on of course the risk is that these trade restrictions will be dialed up even before the elections and possibly after as well. so there is a real risk here that we see exports to the united states from china slow. a key risk also is when the u.s. puts up trade barriers it redirects exports to other parts of the world, forcing other

economies like europe to also raid trade restrictions. from china's perspective the escalation to other economies would be a key risk. but note that there are costs for all sides. stripping china from global access will hurt consumers in many parts of the world and raise inflation pressures at the margin at least in the u.s. and possibly europe as well. everybody is bearing the cost to some extent but certainly china will be watching which economies will follow the u.s. because we can may be live with less demand from the u.s. but we cannot live with the rest of the world shutting china off as well. haidi: the other big question mark is over energy inflation and what we see out of the middle east. it is already a contentious year for all of the conflicts and tension going on. now of course we are reporting the latest when it comes to

iran's president and foreign minister missing after a helicopter crash. the expectation is to a large extent policy continuity either way there. but how much is the risk of tensions across this region dialed up and the path through to a big impact on inflation through the energy market? frederic: of course it is possibly a very tragic event in iran, and it would add to a bit of uncertainty. of course we're watching very closely how the oil markets are reacting. luckily we had oil prices retreating a little in the last few weeks. but there is of course the risk we are going to see another spike. that is the last thing we need now in a global economy, central banks trying to lower interest rates. if we get a big oil price spike, that would pushback rate cuts even further and weigh on economic growth.

i think there is a big risk here that with policy uncertainty emanating from iran or elsewhere, that we are going to see another energy price spike and that of course we'll keep inflation higher and depressed consumer spending particularly in asia which is very much dependent on imports from the middle east also in europe which is increasingly dependent on the middle east, having reduced its import from russia. so we will watch this very closely and of course what is happening in iran at the moment as an extra layer of uncertainty to the entire middle eastern complex. haidi: always great to chat with you. frederic neumann, cohead of global research asia at hsbc. more to come. this is bloomberg. ♪

>> we all talk about wanting to go back to 2%. everyone assumes 2%.

2% is arbitrary. we should all realize that, that we are assuming the wrong inflation target. that mistake would mean sacrificing growth unnecessarily. the risk is high especially when low income people are more at risk. haidi: bloomberg opinion columnist there. take a look at how u.s. futures are setting up after equities notching another record high on friday. we have had a string of favorable earnings and that underpins some positivity for potentially easier monetary policy than later. a big week when it comes to earnings this week. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician.

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gentlemen, it's a beautiful... ...day to fly. haidi: lai ching-te is set to be

sworn in as taiwan's new president in a few hours. our chief north asia correspondent stephen engle is in taipei standing by with our next guest. stephen: we are previewing later this morning, lai ching-te will be sworn in as the next president of taiwan and we are pleased to have our first guest of our coverage this day, cynthia wu, former vice presidential candidate along with your running mate of the taiwan's people's party. thank you so much for coming into our little studio here in taipei. what kind of tone do you hope to hear from lai ching-te? it was obviously a very heated campaign between three parties. you are one of the three parties as well. is there a tone that he can strike to bring taiwan together at a time of polarization? cynthia: i think bringing taiwan

together will be a key message because there is no other way he could be pushing for any of the reforms he is to seek. the dpp is in a weakened positioned with only 51 seats in legislature. i hope it is a message of consensus building bringing taiwan together at a time when there is a lot of domestic challenges. stephen: do you think polarization in parliament can kind of weaken his mandate on all the big issues the president of taiwan has to do including cross strait relations? cynthia: absolutely. it will be a difficult negotiating process for this new president. as he is trying to navigate. it will be very different from the previous president she had a majority of the house. stephen: what priorities would you like to hear from him? you took on a platform of some of the economic issues and reform, whether it is pension reform but also issues with the bills you initiated when you were a member of parliament, 17

bills, including a sovereign wealth fund you proposed for taiwan to use a portion of the more than $500 billion in fx reserves taiwan has, to put it at play and win more influence abroad with that money. so what kind of priorities on the economic front which you spearheaded would you like to see the ruling dpp take up? cynthia: in terms of the government's kpi, as i like to call it, because i come originally from the private sector, i would love to see more focus on foreign direct investment and efforts for international conductivity. including the sovereign wealth fund. also for example one of the initiatives of mine, global minimum tax. right now taiwan has not joined the league of this new tax reform that would make us -- to become one of the regional hubs here in asia. whether it is for a supply

chain, or if it is for tax purposes. in the world where it is china plus one, taiwan plus one, china needs to facilitate change for more jobs. we cannot only be known for semiconductors. the bottom line is 60% of our economy is in the services sector. the ongoing concern for the average citizen would be around housing, affordable housing, around inflation, and putting in an average citizen's view is, the costs are going up and up and my salary has not increased at all. all of the legislators across all parties would also have to focus on that. a couple other issues including industry concerns. 2025, taiwan also will have the third plant of our nuclear power plant be phased out. stephen: you said he needs to address this pretty quickly.

cynthia: it is an issue the american and european chambers of commerce have mentioned again and again. so again, when i talked about international conductivity, is it about taiwan's competitiveness, creating more jobs, securing our economy and safeguarding our citizen's future? we will get industry enough of a sustainable energy supply. the world is now talking about hydro and nuclear. an taiwan's state owned power company is 80% fossil fuels. lng and also coal. so that is something that really needs to be addressed. and finally around our aging population, i come from the insurance industry originally. 2025 is when taiwan will meet the super aged economy which means 23% of our people will be over 75 result. so, pension reform.

it is one thing i think president lai can harvest rather quickly. when i was cochair of the health environment and labor committee last autumn shortly because -- before i became vp candidate for tpp, there was shared pension reform and there is huge consensus around increasing defined contribution opportunities. that could be quickly done to secure the pension future of our country. 2028 is when our labor pension will go bankrupt as well. those of the issues he would be faced with right away. stephen: since we are talking about a big pile of money here, the fourth-largest pools. my understanding is you have about support from 64 members of the legislature out of 113.

where does it go from here? there are eight seats of your party now compared to 53. can they pick it up and move it forward to reality? cynthia: i am very excited to say that both kmt and tpp have put forth my original bill again to the table. which is actually amending two articles of the central bank act. that would allow for 10% of its $570 billion u.s. to be put aside for purely foreign investments. again, that will help with taiwan's interconnectivity and be engaged with other economies and to earn -- have better returns. right now our central bank's return is below inflation. stephen: absolutely. very quickly, what are your political ambitions? what is next for you? are you going to run again? will you put yourself on another ticket if you are asked? cynthia: everything is up for

discussion but for the moment i am very happy to meet with legislators across bench to discuss various bills on the topix i mentioned around carbon tax, sovereign wealth fund, pension reform and the like. stephen: you are not going away. cynthia wu, thank you so much for your time. your debut on bloomberg television. back to you. ongoing coverage of the inauguration of lai ching-te as the next president of taiwan. haidi: stephen engle there. of course we will be bringing you lai ching-te's inauguration as taiwan's fourth jean president -- 14th president as it happens. more analysis coming up at those times on your screen. let's look at how markets are doing particularly out the commodities -- particularly after commodities. avril: the bloomberg gauge is hovering at the highest levels since january 2023.

a big component of this is crude prices. even as we keep a close eye on the geopolitics i think the recent driver has been the supply and inflation outlook. we also see how diesel and gasoline is trading at pretty healthy premiums brands but even that has come off recently. that could put continued pressure on the global benchmark for crude. also we saw last week metals mayhem and copper prices in london, almost trading at that record after the short squeeze. keeping a close eye among the metals complex on iron ore prices. hovering at the highest level in about two weeks against the backdrop of optimism for chinese authorities putting a floor on the real estate market. those are among the commodities we are watching. haidi: the world's biggest miner

is sitting whether to make a bid for anglo american. paul, the deadline is wednesday london time. so time is running out. if you are a betting man, do you think they will get there? paul: that is a very good question. london time may 22, that is the deadline. the clock is ticking. whether bhp can pull up with a third offer is yet to be seen. just to recap, they came back to the board and said u.s. $43 billion are you interested? anglo currently released results of a strategic review, which we spoke about last week. just about everything we spoke about last week came true. they are going to divest their platinum business, divest their coal business, and debeers

diamond business. simplifying itself into three different areas. controversially, they are holding onto the woodsmith proj ect, which is a $9 billion fertilizer mine. the market for poly halite is relatively unknown. it is a commodity that does not quite have a market there yet. it's also been a bit of a cash sink. they have been spending about $1 billion a year on it. they will also hang onto their copper assets, which is the reason why bhp is looking to take over anglo. and there holding onto their iron ore business which came as a bit of a shock to us. the ball is now very much in the shareholder's court. a big question that is presenting itself to shareholders in anglo american at this stage is whether they trust anglo's management or

whether they trust bhp's management to take the company forward and provide value to them. haidi: is there a sense that there are some anglo shareholders who are thinking there is no great rush, no urgency. if a company is trying to restructure, focus more on copper assets, could we actually see the appeal of having higher valuation down the track, and perhaps more interest? cynthia: well -- paul: well, this is it. either make a formal bid or walk away for six months. there is no reason why bhp could not ome back in six, 12 months, and have another look at the business. but it runs a big risk in doing that. a simplified anglo american could have a much of i -- much higher valuation. this is the big question, is bhp willing to spend a higher

premium on anglo for its copper assets in six or 12 months? so you are right on the money there. haidi: as we count down to the wednesday london time 5:00 p.m. deadline, we will be watching for any developments for you. they cannot comment on a regulatory investment as they face pressure to compensate thousands who bought complex securities tied to a chinese stock index that performed badly. our asia stocks reporter joins us for more. what we know about this story and what is the contention? >> they were one of the six south korea nationwide banks investigated by south korean authorities for their miss selling of the exotic notes tied to the pricing index. even though standard chartered bank kirby is one of the top 10 banks, one of the rather smaller banks in south korea when it

comes to commercial banks lending. it was one of the top five sellers of the housing china exotic notes. the bank sold about $900 million worth of product and its at last month 100 million dollars has been set as provision. the bank has started the conversation process for some customers who have bought these products and have faced losses as much as 50%. because the index tied to the structure has lost almost half of its value from three years ago when the notes were sold. but a lot of the customers i spoke to are asking for a full recovery of their losses. and if the bank does not compensate them they are threatening the bank, that they may move their account balances to other banks and cancel their credit cards. these are some of the loyal customers, so it is definitely a

reputational blackeye for the bank that has been operating in south korea for more than a decade. and it could weaken its status in south korea. haidi: south korea obviously has seen this revival when it comes to foreign inflows. a lot of that has been on the value up program, maybe expectations or hopes it can replicate what we have seen in japan. what are we seeing in terms of the financial regulator pitching that book in new york? youkyung: last week there was south korea's charm offensive in order to lure more global funds and to show the commitment, the government's commitment on these reform projects. there were concerns from investors because one month ago the ruling already has lost parliamentary election and that raise concerns about the viability of the corporate reform projects which requires

the legislature to have some tax incentives a lot of investors are expecting that would encourage companies to come up with some voluntary reforms such as enhancing shareholder returns and giving more buybacks than cancellation. on thursday, the governor pitched to investors that the governor is committed to reform and gave some timeline about the potential timeframe for the shortselling. he said authorities will communicate with the markets about when the government plans to do with the short selling ban when we are seeing the current shortselling ban expiring. he said the government will communicate with investors before the end of june what they will do with the ban. haidi: youkyung lee there. more ahead here. this is bloomberg. ♪

haidi: the saudi arabian crown prince expected to travel to japan this week. the crown prince is expected to use the trip to tokyo to sign an agreement to strengthen supply chains for liquid hydrogen. for more let's bring in jon herskovitz.

can you set up this relationship between the countries? jon: sure. energy sure japan has relied on saudi arabia for oil for decades. the two countries are big trading partners. trade flows between them are about $42 billion a year. the relationship has been there for decades. also trying to move the relationship forward liquid hydrogen is part of the change they are looking at. looking at green energy cooperation. the japanese prime minister went to saudi arabia in july to reach agreements for investment in these green energy technologies. also looking at technology cooperation, things that will move the relationship forward and keep it on a steady path for decades to come. haidi: what could be some of the

complicating factors for this visit? jon: well, there were reports over the weekend that the saudi king has had some inflammation of his lungs. the 88-year-old monarch has received treatment. so we are not sure yet if the crown prince will be making this trip or not. he is supposed to be arriving today. there was a trip in 2002 that was canceled at the last minute and we are still waiting as to whether this trip will happen. we just don't know where things are. in the next hour or so we will get a briefing from japan's government and a better idea of where things stand at that time. haidi: jon herskovitz there in tokyo. you can watch japan every monday at 8:40 a.m. in tokyo. bloomberg subscribers can watch us on the terminal. this is bloomberg.

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you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. haidi: china has begun an anti-dumping investigation into plastic from the eu, u.s., taiwan, and japan. beijing was prepared to take

countermeasures if the european union continued its anti-subsidy investigation into chinese companies. the block started treating investigation earlier this year. they will be reporting results this week. rachel yeo joins us in hong kong. what are the expectations? rachel: we are seeing first-quarter earnings looking quite positive. its growth margin is set for recovery as well. overseas expansion will spur sales and margin recoveries the second half of the year. moving on to li auto, we are going to see near-term profit measures and volumes. the earlier allows price cuts earlier after rival tesla as

well. in terms of first-quarter earnings, adjusted net income may see some growth. haidi: of course it is a bruising leak challenging time in the sector when it comes to the price cuts we have seen from tesla. byd as well. it is an interesting time for ev's. are we expecting much color in the earnings that are coming up? rachel: yeah. it is already almost at capacity. working on manufacturing expansion similar to tesla. if the new model launches it will be like a new step forward because they have been trying to cut reliance on a volatile market dominated by global giants. in terms of the ev business it may account for mid to high single digit percentage of revenue in 2024.

still, moving on to their smartphone segment, first-quarter smartphone revenue is expected to see growth as well and momentum is expected to continue into the second quarter. haidi: our breaking news earnings specialist rachel yeo there. let's look at some other corporate headlines. didi's president is stepping down. liu will become a permanent partner and continued to report to the ceo as chief people officer. the shift comes as didi tries to revive growth after regulatory crackdown. star entertainment has received inbound interest from a number of external parties but has not had any substantial talks. it comes as a consortium led by hard rock hotel and can see no is considering a bid for star that would see the firm rebranded and its properties

separated from the can see no operator. we're a few minutes away from the start of trading. this is the set up when it comes to the futures picture. we are seeing follow the leader given we solve -- saw wall street stocks hitting another high. the data suggesting the fed might cut sooner than expected. we saw volatility last week in terms of how investoavben passing expectations. big week for asia. central-bank decisions including from new zealand. kiwi stocks up by about .25% in the early part of the trading session. all holds are expected from asia central banks. also a big week for earnings. this is bloomberg. ♪

her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.

haidi: we are counting you down to asia's major market opens. of course we are watching the start of a very busy week for asian central banks as well as earnings. we are expecting holds across the board including the likes of new zealand holding their meetings this week. also getting air -- rba minutes as well as fed minutes. also a big week when it comes to earnings given the heavy discount and geopolitical tensions and the overcapacity claims at play. of course semiconductors will be front and center as we get those nvidia numbers. let's get you to avril hong who is in singapore for the market opens. avril: on those nvidia earnings it is interesting how we are seeing in the options pricing it seems to suggest investors not willing to pay that premium in order to participate in the rally of the marquee stocks.