The drumbeats loader for rate cuts. Southeast asian leaders walking a fine line in the simmering trade war. We will bring you more from the meeting in bangkok and more with the Prime Minister of malaysia. Looking at how markets closed, it was a turbulent session not only because we saw the iranu. S. Tensions escalate but because futures and options expired on the same day on quadruple witching day. So at one point it was an intraday record high but then we thought ending. 1 down lower. Led by real estate firms. The dow falling. 1 as well after touching a high we have not seen since october. We had Energy Stocks gaining ground, the biggest on the s p 500 as we saw wti gain 10 last week on middle east tensions. At. Futures not doing much the moment. Lets see how we are shaping up. Sophie on friday asian stocks faltered but the benchmark managed to pull through with the best week of gains since january and this monday we have a lackluster start ahead for asian shares, kiwi under pressure. The yen trading around 100. 30. N geopolitics front and center as we could see sanctions on iran this monday. Thesaka we will see trumppresident xi meeting. Three moreisted Chinese Companies. And decisions from new zealand and thailand and to some indonesian trade and singapore inflation. Paul lets get to first word news with su keenan. Su we start with President Trump who denies threatening to remove fed chairman chair powell. Jerome powell he recited his criticism on meet the press, saying he is not happy with the way Interest Rate policy has been handled. Trump picked powell to replace janet yellen, but he has repeatedly attacked him for raising rates what he says too far and too fast. In turkey the lira jumped after erdoganpresident type russian type erdogan suffered there was a narrow loss for the state party in the race for mayor, but opposition won again by another bigger margin. Political uncertainty has dragged on the lira and it lost 9 of its value against the dollar this year. The grouping of Southeast Asian nations have adopted a regional strategy to protect their interest amid increasingly strained geopolitical tensions. The accord is carefully worded to side with new the u. S. Nor china in the asiapacific and indian ocean region. It comes after months of discussion in which aussie on asean leaders were divided up until bangkok. The u. S. Has outlined a potential peace plan for the middle east. A 50kushner released billion blueprint for the Palestinian Economy in the event of peace with israel. This comes after a u. S. Led seminar in bahrain. The palestinians are boycotting and critics say the plan could flop as it says nothing about how to resolve political troubles. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am su keenan. This is bloomberg. President trump says the u. S. Will impose major new sanctions on iran on monday days after he called off airstrikes against the country. Despite the sanctions, the secretary of state mike pompeo said they are prepared to negotiate. No conditions, they know how to find us. I am confident at the moment they are ready to engage with us, we will begin the conversation. Paul joining us for the latest is ros krasny. What more do we know about the sanctions . Dont know too much from President Trump and secretary of state pompeo. They have talked about significant sanctions coming, and we dont have details except they are supposed to be forthcoming on monday. A large proportion of irans economy is subject to sanctions, seeing round after round of sanctions imposed since the u. S. Pulled out of the Multilateral Nuclear deal. The oil sector, steel, banking, pistachios, very significant sanctions on already but we will tomorrow. Secretary pompeo is going to saudi arabia and united arab emirates. He announced that leg of his ,ravel today on route to india and he is going to talk with officials about building a Global Coalition against iran. It is a Pressure Campaign by the u. S. President trump opted not to take military or other action downing thursday downing thursday night. Economically the Pressure Campaign continues. Shery isnt what 80 of the iranian economy already sanctioned . I have to wonder what is left. President trump seems to be leaving the door open for negotiations and talks. Ros a very interesting comment on saturday in the driveway at the white house. He said people think i am a warmonger, now some think i am a dove. This is me being a common sense negotiator. He talked about having negotiations without preconditions as did pompeo. They have made the offer before that the u. S. Officials and iran has batted that down, they say how can you talk about talks without conditions when these crippling sanctions have been put on the iranian economy . It seems like the u. S. Is. Eaving the door open to talks as you played that clip from pompeo saying they know how to reach us. See if have to wait and this meeting, meetings in the middle east produce any kind of resolution or further outreach to tehran. Thank you so much, bloomberg washington editor oining us from d. C. The drumbeat for rate cuts is beating ever louder. The fed number two is saying it is growing. Ofple are looking for a cut 50 basis points. Kathleen hays is here. Cap scary in and bullard, are they are the equally advocating for cuts . Kathleen i dont think so. This man is the righthand policymaker, he would be closer to the consensus. In an exclusive interview with Bloomberg Television on friday, he said the case for easing Monetary Policy has risen. Lets listen. Indicatedr powell there is broad agreement around the table the case for accommodation has increased since the may meeting. Clearly we are going to be looking at being very attuned to the incoming data flow. Kathleen he is talking about , rising trade tensions. Saying it is six to eight weeks. The outlook for the economy is not a strong as it was. At dots. K this was a big signal as the number of fed officials looking sevents suddenly becomes or this grouping right here, the total is 8, 7 of them are looking for 50 basis points in cuts. Rich miller wrote a story a couple of days ago saying if you listen to what jay powell said, that the risk has caused a number of us to write down our rate cuts and may be getting a different sense of the economy, even if they didnt cut them down they believe rate cuts are coming, maybe that is what jay powell did as well. It seems to be an indication. There is a tilt. Claritin shows us he is right to move if he has to but not now. Paul we knew since the st. Louis fed argued for 25 basis cut last week, we also learned minneapolis fed president neel kashkari, he is pushing for a 50 basis points cut. Ofhleen he got a lot headlines for that. He wasnt ready to say it was time for a cut but when he changes his mind, he really does it. He is worried about falling expectations. In the terminal we will look at a chart of inflation breakevens. 10year, fiveyear and twoyear inflation breakeven coming way down. Since it looks like that meeting, maybe they are starting to come back up but basically this is what officials are concerned about. Jim bullard having the same concern, talking about that for a while, he put up a blog posting friday. It was the first of the powell era. Here is one of his key reasons. Lowering the target for the federal funds rate at this time because he wanted a 25 basis point cut last week further expection subject to elevated downside risk. Even if you dont get the downside, cutting now is a good idea because it will boost inflation and expectations. Kashkari not a voter, jim bullard a voter, we have a meeting in july. Maybe it will be the trade deal if it gets back on track in osaka this weekend, boosting animal spirits but those are the big three on friday everybody has to understand what they are arguing and why. Hays,all right, kathleen thank you for joining us. Still to come our interview with malaysian Prime Minister, he discusses the trade war in response to accusations he is taking chinas side. Shery gold just closed above 1400 an ounce, with its best week in three years. We will look at why it may not go that much higher. This is bloomberg. Mberg. U. S. counting down to the open on wall street the week ahead will focus on a fresh round of comments from fed members and meetings between President Trump and xi jinping in osaka. Su keenan joins us now. Lets get started with how markets closed friday. It was volatile. Su it had to do with the quadruple witching, contacts and the iran tensions turning cold water on the risk on rally for most of the week. The Energy Stocks were among the strong performers, and what you will also see is the features are flat going forward. I dont know if we can go into the bloomberg, there is an interesting chart on the dollar. The dovish signals of the fed was the biggest weekly loss since february 2018. There you go. You can see it broke a low support. The direction of the dollar, a key focus. Also got a new round of earnings, the next, a bellwether for the economy, nike, blackberry some of those will report in the coming weeks as well. Likely to be a big focus on commodities, gold highest level since 2013, oil surging as well. What are traders expecting . Su a wild ride. Legitimate and valid. You look at the combination of ,actors from the dovish fed from the iran tensions, trade tensions, those are helpful for gold. Look at oil, it grew in a big way because of iran tensions, best week since 2016 and the fact they are likely to be dramatic changes in sentiment because of the conflicting tensions that will likely continue adding volatility to both gold and oil going forward. Paul thanks. Central bankers handing the limelight to Global Leaders for the g20 in japan. The trade truce could prompt markets to rethink how aggressive policymakers need to be with stimulus measures. Joining us to discuss that and other topics here in sydney, we have the Division Director at macquarie wealth management. You can see the lay of the land right now. How do you think it will look there is a time to the money off the table . Look of markets now and we have this dichotomy where equities continue to run, loans positive for equities, very strong bond market rally where the yields are so low, bond market is starting to signal as well issues around the corner or they think so. It does appear to be a slight rotation taking place toward defensive. Earrings numbers look ok. As the trade tensions continue, depending on how long it takes for the profile, the question is how the Earnings Growth will continue. Since we are taking money off the table. Ever since we are taking money off the table. This chart shows the outlook of earnings for the u. S. Versus asia. The blue line of the u. S. Doesnt look that. The white line is asia, not quite so good. Martin normally you would be saying Interest Rates on hold or even potentially down in the u. S. Is good for asia or asian earnings. Equities saw a u. S. Dollar the overlay is tried trade. The direct impact with supply chain complicity and Global Growth, that might keep asian control at this stage. Having said that we are seeing solid Earnings Growth out of the u. S. , but that is the risk. Shery lets talk about those risks because Richard Clarida really laid out everything that is out there to fear in the environment. Listen first. Especially in the last six or eight weeks there have been elevated uncertainty about the outlook, economy with crosscurrents. There is a marking down in Global Growth prospects, uncertainty on international trade, there is evidence that is weighing on sentiment. We are monitoring that closely and it will act as appropriate to sustain expansion. Investors flocking to risk assets. Is it to do with the fact investors think the status quote will prevail status quo will prevail in the easing cycle . Martin it is weighing on balance where they see the risks laying at this point in time. On hold, avironment cap by the fed at some stage, it will support the focus on equities. The key is economic numbers. The second half of last year was fairly weak we saw green ,hooting in the First Quarter but it looks like that is waning in terms of industrial reduction and manufacturing and other areas of pmi. Doesnt look like there will be that momentum. And the protracted trade tensions, iv be that will get resolved in the g20 between President Trump and president xi, but we have to wait and see what the outcome is. There is that overhang, but we have some potential risk earnings in the latter half of this year. Is that what you have hedged with upgrading the outlook for gold recently . Martin it is partly the reason. Quite interesting where we have quite a number of different scenarios, looks like positive for gold. We have seen recent u. S. Dollar weakness. That is positive area if we see trade tensions ease and Global Growth starts to resume the upward track, signs of inflation would also be seen to be positive or gold. We also see the trade flows which is more speculative money moving into gold area there is a number of components that suggest gold has more upside than downside. Looking for 40 or 50 u. S. Dollars. U. S. As gold goes up, dollar goes down. Martin you would expect under normal circumstances the dollar can weaken further from here should we see the central bank cutting rates. It will be predicated on cuts rather than just jawboning it down. Paul we have some intersection in this part of the world, the reserve bank of his meeting. Looking for a cut . Martin potentially. They could go on hold. He had a cut in australia and forecasting another cut we think will come in august are the reserve bank could wait to see what the inflation data is for june, out later in july. Quarter basis point cut is not enough to really get some traction. Paul thanks for joining us. You can get a roundup of stories you need to know to get your day going in todays edition of daybreak. Subscribers can go to dayb on terminals. This is available on mobile in the anywhere app. You can customize settings so you only get news on industries and assets you care about. This is bloomberg. Paul i am paul allen. Shery i am shery ahn. Lets get a quick check of business flash headlines. Daimler is cutting the fullyear profit forecast because of cost related to regulatory scrutiny over diesel powered vehicles. Ofy say they face extra fees a high three digit million euro amount. They targeted a slightly higher earnings this year but say the additional burning burden will get fullyear profits now forecasted similar to last year. Paul fast retailing planning to raise wages next year. They will boost salaries for Management Employees to encourage top workers. Annual pay will be raised to 180,000 of workers in the u. S. And europe and 90,000 for those in japan. The average salary was 80,000 last year. Shery Softbank Group founder wants to relist with a british ship maker within five years. For 32 bought arm billion in 2016. They want the uks largest they were the largest tech company in the u. K. At the time. Son hasnt decided where will be held. Paul still to come, the malaysian Prime Minister sits down with bloomberg to talk about the exclusive the u. S. China trade war and more besides. That story is coming up next. And a check of the markets as well. This is bloomberg. Paul winter is upon us and in sydney very very cold and wet monday morning. The market opened 90 minutes away, futures pointing weaker right. 25 . I am paul allen in sydney. Shery i am shery ahn. Lets get the first word news with su keenan. We start with the u. S. Which will impose major new sanctions on iran later monday, days after in downing of a navy drone the gulf. The Islamic Republic would never be allowed to make nuclear weapons, trump said, and the Current International verification of the plan is not acceptable. Iran notvisers warned to mistake washingtons measured response for weakness. Mr. Trump i am not looking for war. If there is, it will be of h and like you have never seen before but i am not looking to do that. You cant have a nuclear weapon. You want to talk good but otherwise you will have a bad economy, no preconditions. Su north korea released a photo of what it says is kim jongun reading a letter from President Trump. State media describe the tone of the message as affluent and kim would take a message seriously. Mike pompeo confirmed this and that the administration is ready to resend talks. There is been little talk little context and spun away. Boris johnson has repeated his insistence that the u. K. Can and must leave the European Union are the end of october. Writing in the telegraph newspaper he said the split will happens if he becomes conservative leader and Prime Minister. His campaign suffered a setback after police were called to his london home amid reports of a heated row with his partner friday. He has so far refused to comment. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am su keenan. This is bloomberg. Shery lets get a check of the markets setting up for the open in asia with sophie. A snapshot ofget the kiwi dollar which is at the 66 handle, doesnt look like plans are to bearish on the currency ahead of the policy decision wednesday. We had the you the new Zealand Institute shadow board expecting no change to the cash rate with easing bias maintained amid mixed views for whether there should have been a rate cut this year. Lets get a quick check on the yen which is Holding Steady amid nervousness ahead of the g20 summit and potential iran sanctions, the currency around a five month high which wanted an emergency meeting between the boj, finance ministry and finance regulator. Japan is back on alert over the yen strength. And flipping the boardchecking on treasury futures, hinting at gains after benchmarks capped a seventh straight weekly advance and the dollar boosted its biggest weekly drop. Lets get more on what we should be watching us training gets on this trading gets underway with adam haigh. The dollar off the back of a rough week with also seeing an important technical level getting breached. Is there more downside on the way . Adam it is looking precarious for the greenback. Something that has puzzled a lot of people is how well the dollar has held up until of course last week where we did have a pronounced move lower, not something we have seen the past few months. It has reignited the debate about what is holding up the dollar and if we are going to get something in the region of 75 basis points worth of cuts from the fed. Is there further pressure if you expect yields to go further down, will the dollar start to get drawn down as well . If you look at gtv , you can show this chart which has the 200 day moving average, the technical level you mentioned which is reasonably important. Dollar the dxy versus index. Into that territory which is , and for folks like jeffrey gundlach, he said that moment of truth, that we crossed into this level. And for the pioneer, global Money Managers talking about the potential of 5 or 10 reduction insignificant if we get this further easing. Lets talk about the bonds because stockpiles of negative debt climbed 1 trillion last week. Are we going to see this grow if Central Banks loosen policy or is the market largely reflecting this . Adam the size of the move last week caught some people a little bit by surprise. There were two things that happened at middle of the week there was the ecb and the dovish comments we got from mario draghi. Then we had some of the fed commentary as well which pushed that level of global stockpile further higher. At one point we were around 13 trillion. We took a little bit back on friday. If you hit gtv and look at that on the terminal it is clear how staggering the increase has been since the first part of the Fourth Quarter last year where we started to see this drop. To your question whether it can go further, it can. If Central Banks go through with easing the markets are predicting you would expect for that number to be going higher nextds 14 trillion in the future. The question is shortterm if anything can push it. We have q a sessions with the powell speech tuesday, then we have a little bit of data points that might sway the dial. Keep an eye on this, something over later on this week. Thank you for joining us. A forget to check out the gtv library for some of the charts you just saw, loads of charts in that library on gtv on the bloomberg terminal. Shery the trade war was a hot topic when Southeast Asian leaders met for the 34th asean summit over the weekend. They are trying to protect interests amid the tensions. Our reporter Haslinda Amin joins us now. What were the Key Takeaways . In the lead up to the meeting asean was divided how to position itself amid the rise of china generally in the region especially through the tensions in the South China Sea after months of negotiations leaders finally agreed how to position strategy and outlook for what they call the end of pacific. They agreed to Work Together more closely, be more integrated given tensions and how the u. S. Is like dividing the region as a whole. Nhere is the sense that asea nations will have to come together and have a common approach. It has been difficult, singapore in particular which is open to the trade tensions, trade has been revised down to 1. 5 for the year from 3. 1 last year. And they said we have to brace for a fallout from the u. S. China trade war. Is trainthing to do the people for the fourth industrial revolution, then tap the potential when things get better. I want to bring in what was also suggested. China suggested this as a counter to the tpp which the. S. Eventually pulled out of the Prime Minister of thailand which is sharing this meeting this year, pushing through this group to ensure there is a conclusion. The thing was meant to be concluded in 2015 but differences in the u. S. Or between china and india, differences with australia and new zealand, key partners of prolonged the has negotiations but there is optimism because of the u. S. China trade war, because of derailment of trade, it will have to be pushed through. Paul in terms of the u. S. And going asean nations are to have to face a binary choice or can they have it all . That is the increasing concern. That was a question i asked the Prime Minister in my interview with him friday at the Bloomberg Asean summit. Take a listen. We are friendly with all the countries in this world, but we also live [indiscernible] when we feel a need to see something that is sounds critical about this, we should exercise free speech. We exercise when necessary. Haslinda there has been some concern over the rise of china. Singapores Prime Minister recently expressed concern that at some point in time because of u. S. China trade war countries in South East Asia in particular will have to take sides. Do you see a day coming when that will happen . We will not take sides. We will tell them please dont go to war. Haslinda under what circumstances will countries have to make a binary option . They will come to their senses. They know it is damaging to both the u. S. And so is china. I think if trump loses the next election we might have a solution. [laughter] [applause] haslinda what role do you see china playing . Do you see the roles between china and u. S. Being swapped . No, not quite. I dont know whether china has the ambition to be the number one in the world, but china is growing. It has reached and therefore it must have a seat in world affairs. Washington, they come up with all kinds of ideas and we are supposed to accept them. Has allowed more else, onebecause one road, they invited everybody to go to beijing and talk about it and divine what is one built, belt, one road. Ibillion people, so i think dont like the old idea of cooking something up somewhere in the west, then asking us to accept them. Just a year ago mohammed pushed china away. And then a different tone. Shery thank you so much, that was their chief International Correspondent joining our chief International Correspondent joining us for you can see that full conversation at 7 00 p. M. This thursday in hong kong, viewers in the u. S. Can see the program at 5 00 p. M. Coming up next, what to expect with a big meeting between president xi and President Trump, it will get insight from the hoover institution. This is bloomberg. Paul i am paul allen in sydney. Shery i am shery ahn. Fridays g20 summit is a big event this week where everyone will be watching the meeting between President Trump and his chinese counterpart xi jinping. They will discuss the trade war but should we expect any kind of progress . We discussed this with the hoover institution. Great to have you with us. Let me get started with this tweet from the global times editor in chief who china says is accurate and forecasting what beijing will do. This is what he tweeted over the weekend. He says the chinese side is concerned about the fairness of a trade deal because the most important part is the u. S. Side must remove newly imposed tariffs since the trade war until now. China wont accept the deal if the u. S. Keeps part of the tariffs. Given what he says and what china has been saying all along, can we expect any time to progress this week without tariffs being lifted . I dont know if we can expect progress on them being lifted but i dont think we can expect them to be lifted. The chinese will set out a position to impress President Trump who will be going in to an Election Campaign next year, that this will damage him as much as it is damaging them. For his own political self reservation he needs to get rid of these, then they can come to a deal. Dont think the president is going to do that. I havent heard any talk in washington they are considering it. The white house could turn on a dime when the president feels he can get a deal that he senses. Maybe he will be willing to give them up. What you have seen is a steady application at Different Levels id trenches of these tariffs dont think they will go away anytime soon. Shery we have also seen the of illustration put five more Chinese Tech Companies on a trade blacklist ahead of the summit. Why do this now . It inhink they are doing a sense as good cop, bad cop. The good cop side, Vice President mike pence canceled the antichina or china speech he was going to give money thought would be hard on china and antichina. On the other side the of ministration is sending the wantl, the fact that they to sit down with xi jinping and have a deal doesnt mean they are not going to pursue the policies they think are in their best interests and those include protecting from their view the American Telecommunications infrastructure and Digital Infrastructure from charges Chinese Companies cant be trusted in that space. They are going along two different tracks. The message to the chinese is we are here, we will not necessarily antagonized you but dont expect is not to act in our interest. Those days are over. Paul how about the smaller countries in the region . We heard from the malaysian Prime Minister talking about smaller nations can be friends with both the u. S. And china but is there a risk that if this continues to escalate it will become a binary choice . One in thewhat no region wants to see. I think the u. S. As well. The u. S. Is reliant on the supply chain which china is the center but which goes through many countries. You look at the more complicated and complex products we use, no one wants to see this devolve into trading blocs. Some of the fears in washington is if the one belt, one road becomes as influential as china wants it to be and many people think it has the opportunity to be, you might see trade blocs emerge and the u. S. Would be hardpressed without being part of the tpp or having anything on offer now as an alternative to come up with something attractive to potential partners. Small countries dont want to become in the middle but i dont think big ones in either area china doesnt want to see a lot of its markets go away. This is the best market for china is the United States. It doesnt want to be locked out which is why they havent walked away from any of the negotiations even given activities and policies of the truck administration we have been talking about. You expect china to blink first eventually, but can you be certain about that . China has a long history, commanding controlled economy, no elections, so could china potentially hold on for a long time and toss out the bad times out the bad times . The extreme happens with public opinion, xi jinping doesnt have to deal with a media he has a client media he controls. But unless you try to do something asymmetric, because of the trade imbalance. They have already put tariffs on the number of u. S. Goods that they can whereas trump is threatening 300 billion more worth of tariffs on chinese products. For xi jinping, that is a dangerous situation to be in, that you could see a significant slowdown of the chinese economy and all of it comes down to his doorstep. He doesnt have to deal with elections, but he might have to deal with more dangerous political currents. Whether he will blink first or the chineses are will blink first if they can come away looking like they didnt blink first, that there is a deal that saves face. The problem is would it be a significant structural change so the problems that cause the United States to go down this road in the first place are addressed . If we dont get that, we will be in the worst of both worlds. Auslin. Hat was michael if you missed any part of that is yourw, tv function on the bloomberg. You can watch us live and go into any of the securities or functions we talk about and become part of the conversation by sending us instant messages during our shows. This is for subscribers only. This is bloomberg. The australia is weighing introduction of the unconventional Monetary Policy even if the central bank isnt your the governor said he would not embark on easing. Economists think it is a matter of time. Lets bring in our australia economy reporter. We got the cash rate of 1 , worked expected to get there. Logic suggests eventually qe will become part of the discussion. Why is the rba so confident they can get away without it . Everyone is right to be looking at it. There is a few things. Number one is they are going to want to keep this up their sleeves. Qe is like a big bazooka. Returning inflation to target doesnt warrant going so hard. It would have an impact on the community and people dont want to have to pull it out just to try to push inflation back to target. It sparks or we go into recession and it comes under the agenda but before that, there is a bridge too far. What they are trying to argue is they are not cutting because things are bad. They say it is to improve things. Ofs relates to the estimate full employment down at 4. 5 . They feel they can cut more without fueling too much inflation. Is it much of an issue . Not really anywhere globally but that is the argument they are putting. To their mind the idea is you go down to 1 , it fuels the economy and you are optimistic about people looking we hit the trough of mining investments, so there will be an uptick last year. The Housing Market looks like it is stabilized. Then you have rate cuts and government tax cuts coming through. I think plus government infrastructure, the thinking is probably the economy will pick up from here and not need to cut further. Once you get to 1 , you have to think about these issues. Qery lets say we will need what was the australian version look like . They will go for broke. The have had a chance in australia to study what happened in the rest of the world. There is the successes in areas. One of the conclusion thing of drawn is if you are going to do this, you go all in on it. Everything goes on the agenda and you go hard. Our bond market is a big. On one hand you think it makes it easier for them to have an effective qe policy. A lot of the action comes at the front end of the curve where is qe has more impact on the back. That sort of argues against it. Things like potentially going to negative growth through all these other issues, everything is on the agenda if they do it. Paul is the governor likely to move the needle of the jawbone . Because probably not the topic is the Global Economy. He is an interesting thinker, whatever he sees in the Global Economy is worth listening to including moving pieces. Locally i dont think so. Heath, thank you. Coming up next married nicholas, strategist for g10 fx and asia fixed income joins us. She gives us her top conditions now the fed has signaled a more dovish shift. She joins us next hour daybreak asia. Shery paul new zealand is running currently weaker. 1 . Futures looking weaker. This is bloomberg. This is bloomberg. Paul good morning, i am paul allen in sydney. We are under an hour from the australian open. Shery i am shery ahn. Kamaruddinm sophie in kuala lumpur. Welcome to daybreak asia. Paul top stories, new sanctions on iran after the downing of the navy drone. President trump insists he is not looking to go to war. He also says he never threatened to fire Jerome Powell afte
comparemela.com © 2020. All Rights Reserved.