Its Sales Forecast was cut. Half of its previous years revenue went through china. Shery a check of the markets on thursday session in the u. S. Ost sectors in the green the nasdaq gaining the most in almost about a month and we had also semiconductors reversing yesterdays losses. We had markets very much focused on what the Federal Reserve will do next week, not to mention this focus on what will happen with oil. Energy stocks were one of the biggest gainers. Wti gaining as much as 4. 5 at one point. We saw two tankers being attacked new the entrance of the persian gulf, that heightening tensions around the region, sending crude prices higher. Sophie this friday, asian stocks could track the advance on wall street with some potential reissues. On the datas front in asia, we will get chinese productivity numbers. The attack on the tankers in the goldof oman has held up prices. Nearingion could be level it has been unable to break in five years. Paul thanks very much. Lets check in on first word news now. Ed the Trump Administration says it is still awaiting a response from china about potential talks at the g20 and is warning of the consequences of a noshow. The president wants to meet with xi jinping and is threatening to raise tariffs if talks do not happen. Meanwhile, larry kudlow says a balanced deal is impossible because of the current unbalanced relationship between the u. S. And china. Organizers at this weeks mass in hong kong are calling for renewed demonstrations sunday. Hundreds of thousands of people rallied outside the legislative protestingnesday against the governments controversial extradition bill. Student unions, labor unions and other groups have urged the government to withdraw the deal. Boris johnson has taken a huge lead in the race to become the next conservative party leader and therefore Prime Minister. Won twice as much support as the runnerup, foreign secretary jeremy hunt. Seven candidates advanced in the second round with three eliminated. The next vote takes place on wednesday and the eu is warning the next u. K. Prime minister that relations could be threatened if the government withholds almost 50 billion of brexit payments. Tory front runner Boris Johnson says he will refuse to hey up unless the eu agrees to better terms on the split. He will refuse to pay up unless the eu agrees to better terms on the split. Paul thanks. The United Nations says apparent attacks on two oil tankers new the strait of hormuz are under investigation, but the u. S. Is already blaming iran. The Trump Administration says at least one of the vessels was struck by a mine, though its not clear if the explosives were republic. Rom the the United States government feels the Islamic Republic of iran is responsible for the attacks that occurred in the gulf today. This assessment is based on intelligence, the weapons used, the level of expertise needed to execute the operation, recent similar attacks on shipping and the fact that no proxy Group Operating in the area has the resources and proficiency to act with such a high degree of sophistication. Paul lets cross to Washington NationalSecurity Team leader bill ferry. The u. S. Already pointing the , but completely subjectively. What do we know about these attacks . So far, we know very little publicly. Secretary of state mike pompeo coming out and saying that intelligence assessed iran was behind it, but he presented none of the evidence behind the assessment and declined to take questions from reporters on the scene. Later on, an Administration Official did brief reporters and said that one of the ships appears to have then struck by a mine and that a second got lodged in the ship, so presumably, that mine will be deactivated and reviewed by intelligence professionals, but so far in terms of public evidence, we have very little to go on. United Nations Security Council had a meeting on this. The readout we have gotten from diplomats there is that no hard evidence was presented by the the other than some of arguments made by secretary pompeo in his Public Statement earlier in the day. What did iranian officials have to say . Iranian officials have a rejecting involvement throughout this, even before secretary come pao came out. Its interesting one of the attacks occurred on a japaneseowned ship while the japanese Prime Minister was in tehran having diplomatic meetings. Is very interesting. I think one thing that comes out of the u. S. Making such a quick accusation it raises the question of what is the u. S. Planning to do about it . So far, we have seen nothing from the pentagon, no sign that there is any kind of a military escalation, but it does add to tensions that have been fairly high for several weeks. You will remember there were several attacks on a pipeline and cargo ship just about a. Onth ago paul have we heard anything from other nations in the region . We did hear from kuwait a kuwaits ambassador to the United Nations. He said it is too early to assign blame. The investigation has to continue. He condemned the attack on the ships but was not willing to go as far as the u. S. Was in terms of saying iran was at fault. , from u. S. Allies, other nations, there has been a lot of interest in some sort of probe, but we have not seen a lot of other nations coming out saying they are convinced iran was behind this. We know the Prime Minister of japan has been in iran, so does this mean his diplomacy did not work . Awkward momenty for shinzo abe. It will be interesting to hear what he and his government say in response to this. He was seen as someone who could be a good interlocutor for President Trump. Relations with iran. They obviously have very good relations with the Trump Administration, so there were expectations he could serve as the gobetween and help reduce tensions. Now it looks like people will have to recalibrate exactly where diplomacy stands in terms of the middle east crisis. Thank you so much for that. Market reaction. Stops seemed to shrug off concerns for oil. Supply concerns outweighing demand concerns over the trade tension. Moment. Ast for the as one oil manager said, this is a hot box that is getting hotter and traders reacted to what they saw. Lets go right into the bloomberg. You see brent oil surged here. If you look at the fiveday chart of west texas intermediate, which is largely treated here in new york in the u. S. , you will see that we have spiked almost 5 , 4. 5 during the session, but again, you saw pictures with our last reporter and also a cell phone video of the attack, so this creates an omission situation for anyone trading. Faird see oil prices earlier gains. As you said, there was a greater realization that demand is still an issue here in the u. S. Demand concerns have weighed heavily on oil, down some 18 since its peak back in april, but that said, there is still of the strait of hormuz, critical to oil. Most of the oil travels through there, and it is clearly indicating that conflict likely continues, and that gives the bulls a bit of a break. Stocks,ergy unsurprising way, leading the butder market higher, investors are putting the broader focus on weaker jobs data as well, right . Comes, the jobs data did in a little week which underscores the case for the fed at its cutting rates next meeting. Take a look at our oil snapshot, youll see that stocks were higher. The size of the moves was pretty significant. Of the oila lot drillers up as much as 3 to 5 on this most recent move. You so much for the latest on the markets. Now said to be investing in sony. Third point has invested in sony and is suggesting the Semiconductor Business should be spun off. We have heard from daniel loeb calling on sony to spin off the business that they called the , the image sensor business of sony. Third point acknowledging that and have invested in sony suggesting a spinoff for their Semiconductor Business. Paul we have plenty more to come on daybreak australia. We are told alibaba has filed for a hong kong listing. We will have details on what could be a blockbuster sale coming up. Shery next, the energy and utilities director takes us through tensions rising in the gulf of hormuz. This is bloomberg. Paul we are counting down to the sydney open with futures pointing higher this friday morning. Energy stocks in focus today after those events in the strait of hormuz. Are watching daybreak australia. Oil futures rebound from a following aow parent tanker ataxia the strait of four moves. Prices climbed as much as 4. 5 percent before giving back some games. Here to take a closer look at the fallout is nasdaqs director of energy and utilities. The second spate of attacks and at least two months. Do you think the Market Reaction will be more sustained . I think the market has a cushion from the rise in inventories in the u. S. Oil prices fell yesterday on a bearish inventory report and were up only 2 on a significant escalation of tensions in the middle east. That tells you that the market is interpreting the supply picture as having a very significant buffer, both from high inventories in the u. S. And the fact that opec had significant Spare Capacity so the market could absorb any supply shocks. Lets talk about the region. We are seeing this attack around the strait of hormuz. Does this mean the regional impact could be bigger because of the shipping lanes and how they could affect the movement of tankers now . I dont think there is a concern that the strait of hormuz would actually close, certainly not for any sustained period of time. There really is a concern about it being a tripwire in the sense that the u. S. Could escalate in terms of how they respond to her could to iran and iran commit more attacks. That could lead to more attacks throughout the summer and that raises the level of tensions, but until the market sees a sustained impact, i dont think the market is going to ascribe full geopolitical risk to the price of oil. Paul what you think the chances are if this sort of thing carries on that we will return to the days of escorted tankers through the gulf as we saw in the 1980s during the iraniraq that raise the risk of misunderstandings and potentially conflict . I think there will be more of these types of attacks and every time there is an attack, that raises the risk profile in the region, but theres an underlying assumption in the oil market, similar to how there has been one in the equity markets, what ath trump and xi trade deal, so even if there are tariffs, ultimately, they will come together to make a deal. I think the underlying assumption is the u. S. Administration does not want to get fully entangled in a middle east conflict and iran also does not want to take on the u. S. Military because that is not a conflict they would win. I think the underlying assumption is there might be more of these attacks, but they will not really have a sustained impact in terms of actual supplies and therefore not really so much on price. Paul does this raise the pressure for opec to just get on with it and set a date for the next meeting, and will that meeting have a rather uncomfortable a lyrical dimension to it now . Uncomfortable political dimension to it now . It does have a political dimension because they have to agree on a date. Come together at g20 and that changes the outlook for having a trade deal, that could dramatically alter the demand equation, and that would significantly impact opec s calculus in terms of cutting supplies or not, so i think that ultimately, they will go ahead and put forth a deal, but you are right there is still uncertainty for when that meeting will actually happen. The u. S. Has been over theng sanctions attack. Are we expecting them to take place . What would happen to the Iran Nuclear Deal then . Is a big risk of a man pulling out of the Nuclear Nonproliferation treaty. We know they have expanded their uranium enrichment. That is a big risk of iran pulling out of the Nuclear Proliferation treaty. The sanctions up until now have been even more effective than anyone anticipated because we already had recent experiences with companies complying with the sanctions, so the level of time it took to get compliance was not all that difficult, so i even if the sanctions continue, we are likely to continue to see iranian exports go down quite dramatically. Lets talk about Commodity Prices. We are seeing a lot of the prices at 50year lows when you compare them to u. S. Stocks. You can see a chart were really we have not been at these levels for quite some time, but when you look at the broader picture and a longterm commodity outlook, does it make sense to expect Commodity Prices to have moreen we effective mining and technological advances overall . The ev picture has the potential to take away demand for oil over the coming years but not so much that it would materially road materially erode oil demand. Are alternative sources of oil demand growth. I think the sentiment in oil arkets right now is actually lot more dour than the reality. The data on demand has not been that great, but it has not been that bad, but it is the forecast on future demand where people are just not sure as a result of the trade war, but the current data is not that bad, soy think there is a disconnect between sentiment and reality. Nasdaqs director for energy and utilities, thanks for joining us on that story. You can get a roundup of the stories you need to know to get your day going including that. Ne bloomberg subscribers can go to dayb. You can customize your settings so you are only getting news on the industries and assets that you care about. This is bloomberg. Paul you are watching daybreak australia. Alibaba is moving closer to what could be hong kongs biggest 2010. Sale since alibaba has not finalized its fundraising target, but were told it could raise as much as 20 billion. It raised 25 billion in its american ipo. Shery tesla appeal for help saying components are the brains of the car and the duty on Electronic Components would raise the cars cost. The waiver was denied saying the theonents are related to china 2025 program. Call it is not just cars going electric. Told airbus is confident that its revolutionary propulsion system will be ready by 2035. It is also studying options for materials wings and to a deficiency as part of its target to cut co to perm co2 by 2050. Shery broadcom tumbled as the chipmaker cut its fullyear revenue forecast. Is it mostly because of the trade tensions right now . The trade tensions are a big component of it and that is driving more uncertainty into the supply chain, which is leading customers to a sort of pullback on demand. Was a big huawei portion but not a key portion, it was not the larger portion of that. You are seeing this as a broadbased demand driver or demand shrinker, and it is across the board. It is infrastructure tips for wired networking, Wireless Networking chips, so across the board, you are seeing sort of a related to demand chinau. S. Trade tensions. Was only a piece of that. Paul how badly is broadcom being hit in the trade war . This is not specifically broadcom. Saw 500 Million Dollars in sales and 90 days later, they 28 , and number down this is a chipmaker that has dramatic exposure to china, but it is not completely different from most other chipmakers that have exposure to both passed passedmand and through demand related to china as well as intrinsic to china. By that i mean stuff that is assembled in china and shipped overseas and stuff made in china for chinese consumption. This is not a good picture by this sort ofd dampens the hopes for secondhalf recovery. Any investors that were looking for hope in the second half being substantially better than in the first half, maybe Data Center Demand comes back and drives chip sales higher, we have to hit the pause button on that. Suppliesoadcom also materials for apple and amazon. The handsets are roughly 30 of semiconductor demand, give or take. It is a very broad supply chain. Everything from cellular chips to wifi chips to bluetooth chips, so the fact that that particular segment already had problems well before the china tariffs. Now you into the china tariff drama, this will curb demand even further and drive sort of a weaker portion both for broadcom and for multiple others in the supply chain. Paul Bloomberg IntelligenceSenior Semiconductor analyst, thanks for joining us. Still to come, u. S. Lawmakers to reportsh antidemonstration protesters antiextradition protesters. We will be back. This is bloomberg. Were the slowskys. We like drip coffee, layovers and waiting on hold. What we dont like is relying on fancy technology for help. Snail mail we were invited to a y2k party. Uh, didnt that happen, like, 20 years ago . Oh, look, karolyn, weve got a mathematician on our hands check it out now you can schedule a callback or reschedule an appointment, even on nights and weekends. Todays xfinity service. Simple. Easy. Awesome. Id rather not. Paul eight 30 a. M. Friday morning here in sydney. The market open 90 minutes away. Futures pointing modestly higher , a little more than. 1 . Shery im in new york where it 6 30 p. M. Lets get to first word news. the u. S. Is blaming around for a parent attacks on two oil tankers new the strata hormuz apparent attacks. Rejected any role in the attack, but washington says say irannce sources was responsible. The man accused of two Mass Shootings in christchurch in march has entered a plea of not guilty. The 28yearold bus trillion faces 61 charges of murder, 40 of attempted murder, and one of terrorism. He entered his plea via video security a maximum prison in auckland. His trial is expected to start next may. Hsbc says the pay cut between the pay gap between male and the male employees is improving but there is still a difference of about 55 . The gap was 61 a year ago. The disparity in bonus pay shrunk from 85 last year to an average of 17 . U. K. Employers are required to report gender gap figures based in differences in hourly wages. Global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Lets get back to hong kong and see how the markets are shaping up. Sophie we are keeping an eye on are takinglators action on concerns it may have breached regulators have imposed additional license restrictions. More bad news for the wealth manager, which had seen its share price continue to track lower this year as you can see. N the chart and the outlook hospital operator is reportedly the latest takeover operator. Retail units face increasing headwinds. The conglomerate facing further options to increase exposure to the electric Vehicles Market pending takeover. West farmers has been downgraded at goldman. Heads up in the latest , the boardebound checking and. They will be added to the s p 500 with changes at the open on june 24. Paul thanks very much. Lets get more on what we should be watching is trading gets under way in asia with bloombergs Global Markets editor with us. Japanese bonds climbing yesterday. Is there more room for this to run for the global bond rally . I think that has really been what has categorized the market move, this ongoing grind lower. Much of this has been debate around how much of an impact u. S. China trade tensions will have on Global Economic roles, but more pertinent is the question around how and if and when Central Banks are going to start to ease policy. With the 10 year yield now kind of sitting at the bottom end of that range you can see that on your gtb chart, its looking pretty tricky for that to break out. The number of strategists coming out this week saying although the market is only pricing about a 20 , 25 chance of the head moving next week, that possibility should not be underestimated. Of course, plenty more room for bonds to move and for yields to go even lower. The fed does try to start easing sooner than some people think. Of course, youve got that going on in the u. S. , and in japan as well, as you said, we got a decent move in long and yield long end yield. The bank of japan for the upcoming meetings very much in play. When the end of the week, which it has been a bit of a topsyturvy week for equities, is really being fined by the continued move lower in bond yields. For theolatility british pound has fallen significantly. Can we expect it to last . Ed we had that kind of first step overnight with Boris Johnson being kind of the clear leader in the fight to become the next conservative party leader. A sense hasn started to price in that, started to give a sense of lower volatility ahead, but what the Options Market is telling us, it is quite an interesting phenomenon given how uncertain the next few months are leading into october and if you look at the spread between one year and one month of volatility on sterling, you can see that that is back up to the highest we have seen in a number of years. Take all theu can way back to the early part of this decade, six or seven years ago, and it suggests that you will have a pretty significant ramp up in volatility, at least if these options traders prove out to be correct. Clearly, the next few months remain very uncertain, despite the fact that johnson remains, of course, the key market favorite to become the next leader. Us. thanks for joining you can check out some of those charts for yourselves if you go v. Go gt bloomberg has reported alibaba has filed confidentially in hong kong and it could be one share citys largest sales. The timing interesting given that we have seen the u. S. Government really be more careful about these chinese tech giants. What do we know about this listing . So far, we have learned that alibaba has confidentially filed exchange with a listing that could raise as much as 20 billion. As you said, it would be one of the biggest ever share sales hong kong has in. Hong kong is not usually a place that allows confidential filings unless the company is already listed in a jurisdiction where that is allowed. This is a pretty unusual move. We dont see confidential filings a lot, but what is more theresting is actually entire macro environment where we have a lot of talks about u. S. And the a lot of people view this as a contingency plan of alibaba, having a second equity raising platform in asia would give them enough flexibility in case something goes wrong in the u. S. , they can still have listing vehicles. Paul the ipo in the u. S. Has been really volatile. Are things different in china at all . We have actually seen an even more volatile market in hong kong recently. They had to shelve and i feel of market volatility. That is when we see markets. Mpacting ipo pipelines for a deal as big as alibabas 20 billion, we would definitely need a pretty stable market, but the good news is alibaba is a pretty wellknown name in asia and even to u. S. Investors, and they already have an existing listing price, so that would make a hong kong listing easier to price in. Already sitting on about 30 billion in cash. What would they do with this money . They actually have not come out and said that they would use the money for. Areare right, they definitely not short of money, but can they use that extra cash and fell a war chest . Definitely. In case they get shut out of the u. S. Market, this is what they can use for further growth. After all, it is a highgrowth company. Paul thanks for joining us. U. S. Lawmakers throwing bipartisan support behind the hong kong protest members of the u. S. Congress reintroducing a measure following the protest against the extradition bill. This comes as protest organizers called for renewed illustrations on sunday. Correspondent is in hong kong right now. How is the scene down there today . It is very calm right now. There are a few people out. Granted it is still early and the rushhour commute has not yet begun. I can point over to this bridge where the final standoff really was being held late yesterday. Maybe 50 to 100 student protesters or young people with their trademark masks were confronting people singing songs. They were confronting the riot police that were still guarding the walkway that goes over to the legislative house. Posted late last night by some of the protesters showing riot police kind of walking them back. Police cleared them out. This morning, we saw about four protesters continuing to sing songs to the remaining riot police that are there. Right now, it is intense calm in the area which was the epicenter of those protests on wednesday, and of course, the larger s on sunday. What is happening . Well, increased pressure of the chief executive. The Hong Kong Chamber of commerce putting out a statement calling for meaningful dialogue with the public, and the chamber is saying the rioters or i should say, the protesters i dont want to name them rioters, but basically, the protesters are showing there is serious opposition to this bill. Foreigne u. K. Secretary, jeremy hunt, did speak with carrie lam over the phone also asking for her to listen to the concerns of the people of hong kong and preserve hong kongs right and high degree of autonomy. Perhaps even more importantly, overnight, we did get further action from u. S. Congressional leaders, bipartisan and by chamber, both the senate and the house proposing new action calling it the hong kong human rights and democracy act, cosponsored by senators and representatives from both parties. Basically, that could call into hong konghe 1992 policy act, and if that bill would be enacted, every year the house and senate congress, basically would have the mandate to review if hong kong anupholding its status as autonomous part of china. Some of the provisions of that action would or could freeze the assets of individuals that prevent or force the removal of people from hong kong, extradition. It could be a very significant development. This is what marco rubio, the republican joint sponsor of the had to say. Among the things he had to say, he said we must send a strong message. Also, eliot engel, the house said weaffairs chairman have to do something. One Million People were on the march. Shery Speaker Nancy Pelosi speaking now. We will see if she has anything else to say. We are hearing we could see more protests this weekend. Right. s some of the prodemocracy groups and protest groups have called for another large rally sunday starting at 2 30 p. M. And perhaps marching toward the Central Business district. Also, they are calling for an assembly of some sort on monday. Of course, that is a business day here. That is what happened on wednesday. Permit to sure if the assemble on sunday has been granted just yet, but again, right now, it is a tense calm here. Yesterday, we had a lot of luxury boutiques here, and it was completely closed. We will probably likely see the opening of more shops here, but again, these signs are everywhere. And also stop shooting people. Protest leaders are trying to play on the hearts and minds of people saying the action by police on wednesday was inappropriate. Paul that was our north asia correspondent. Thanks for joining us. We will hear more voices weighing in on the debate later in our show including hong kongs former chief secretary and Hong Kong Executive Council member. Next, we willup hear from the former president of the export import take on why he thinks the cost of all these tariffs is going to be paid for by the consumer. This is bloomberg. Paul you are watching daybreak australia. The Trump Administration says it is still awaiting response from china about potential talks with the g20 and has again threatened to raise tariffs if the talks dont happen. On a begin with the latest trade war with export import chairman. No word on the g20 meeting. If the u. S. Does impose extra tariffs, the question is who is really going to suffer the pain. President trump somehow thinks the foreigners pay the tariffs. Tariffs are nothing more than a sales tax. Estimate is that this year alone, tariffs raised the cost probably 120, probably more next year. They are cutting taxes and raising the cost across the board with these tariffs. Paul there will have to be some sort of Circuit Breaker at some point. How do you see all this playing out . That is the problem with trade wars titfortat. It is hard to find a Circuit Breaker. We have two very proud people who are in a political situation in both their countries, not just donald trump but also xi jinping, so this is a very highstakes game, you do not want to have such highstakes with the two largest economies in the world. There are other ways of going about this, but not the way they are right now. Inry what is the likelihood your view that President Trump could play up the tensions with china as a strategy going into the 2020 election . Without question. I think what we just saw, the mexican situation on the border was all about 2020 all about trying to show he is tough on immigration. I think the president is trying to say im the only one that has actually been tough on china all these years. Im the only one who has stood up for you. This is truly all about politics. See more we were to tariffs, the inflationary effect on consumers could have a lag effect. Does that mean this strategy could work . Loath in the middle of something to say the strategy is wrong. I just came back from berlin at a trade conference and there is some consternation about why we are going this alone. A lot of the rest of the world is with us, but we are not really bringing them along to make this a much more compelling fight and compelling negotiation with china. Most of the rest of the world agrees with our point of view, so we could do that. Paul there is also the issue of hong kong to consider. We have a chart on the bloomberg that shows the hong kong dollar shortterm volatility really surging on the back of this surrounding the next edition bill. To what extent does this cloud the waters for u. S. China trade talks . A meetingas recently of a number of export credit agencies in china a week or two ago and canadians chose not to send a representative because of fear of what would happen if they had a Government Official in beijing. That is a really, really bad sign. You mentioned on the show recently about alibaba listing in hong kong. I think all of this gets related to each other. Hong kong as two systems, one country is in jeopardy. Another take away from when i in berlin yesterday [indiscernible] stable thane and what we are seeing in hong kong. Paul that was a point made recently by the head of the hayman capital hedge fund, the singapore perhaps looked more appealing. Otherg briefly to the trade dispute, which has gone quiet now, with mexico. These threats over immigration and tariffs on mexico do you consider them to be credible considering the huge knock on effects that we happen to the supply chain in the u. S. . Aboutn donald trump talk a tax on products coming from mexico, the products coming from ,exico are like gmc trucks s assembled, nissan in mexico. The whole Global Supply chain has been built on stability and reliability with a nafta and all of that is in jeopardy. Shery we are seeing geopolitical tensions rising with iran. Tosident trump threatening sanction the vehicle where the u. S. And iran could actually trade. Is the iranian deal going to survive in this environment . We have already pulled out and its not clear we could put the pieces back together again. It is not clear iran is open to doing that. Were sort of creating fires all over the world china, mexico, iran and we need to be lowering the volume a little bit and finding common ground, but and how we the style are conducting affairs right now. Part of the problem is if the u. S. Economy suffers, u. S. Consumers are clearly going to suffer. Thanks for joining us. Plenty more to come. This is bloomberg. You have been involved in the trade negotiations. What is your sense of where things stand now between the u. S. And china . I hope we can solve our respectces to mutually negotiations. Trip as get a check now of the latest business headlines. Broadcom slumped after cutting its sales broadcast and saying the trade war would wipe out new orders. Down 2 billion from their projection three months ago. Half of broadcoms revenue last year went through china. Investors in china and taiwan still in discussions about terms. A deal is expected before the end of the year, but jb i once agreement sooner and is looking at alternative arrangements. Japan display said it would cut a quarter of its workforce to scale back its mobile business. Paul a german Payments Company said half its sales are coming from outside europe. Last month, it raised its earning forecast for the year following a jump in firstquarter profit. And it was of interview with bloomberg, the ceo told us why he is excited about asia. [indiscernible] the first thing people by their is there smartphone. China is an example of people using the smartphone to pay online but using it as a point of [indiscernible] shery plenty more coming up on daybreak asia. The u. S. Energy secretary will join us. This is bloomberg. I dont know why i didnt get screened a long time ago. I kept putting it off. What was i thinking . Ok, mr. Jones. Were all done. I told you it was easy. With life line screening, getting screened for unknown Health Conditions is so quick, painless and affordable, youll wonder why you hadnt done it before. So if youre over age 50, call now and schedule an appointment near you. For just 149 a savings of over 50 youll receive a package of five screenings that go beyond your doctors annual checkup. Ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. After all, 4 out of 5 people who have a stroke, their first symptom is a stroke. So call today and start with a Free Health Assessment to understand your best plan of action. So why didnt we do this earlier . Life line screening. The power of prevention. Call now to learn more. Paul good morning. I am paul allen in sydney. We are under one hour away from the Australian Market open. Shery good evening. I am shery ahn. Sophie i am Sophie Kamaruddin in hong kong. Welcome to daybreak asia. Paul our top stories this friday, two tankers, under apparent attack in oman. Washington points the finger at iran. Broadcom is a loser in the trade war