What is affecting the markets, especially when it comes to economic concerns. Lets see how markets are shaping up for the asian session. We are joined from hong kong. Isshery, the spreading japan off for the long weekend, which was to mark the start of the tokyo olympics. We are seeing futures for asia pointing to losses. We will be watching to see if those concerns around the u. S. Tech rally will weigh in the region, what the nasdaq looking bubbly. We are also looking to the aussie dollar, holding declines below 71. Is trading atlar the highest level since april 2019 throughout this choppy week. Pulling up the terminal, the asiana is tracking towards 77 after a four month decline, but it has not been able to track to that level yet. Increased option activity this week could lead the way for more gains for this currency pair. In hong kong dollar and offshore yuan options. Yuane seeing offshore taking a breather after a twoday advance. Traders dont seem to be expecting too much Material Impact from the latest flashpoint between the u. S. And china when it comes to the trade deal, but we will see if they can shrug off trumps latest china dealaying the means less to me now. Yuanmorning, the offshore putting up some resistance. Shery joining us now for more insight on those markets is cross marcs chief market strategist. Us. T to have you with lets turn to that text downturn we saw in the last couple of sessions. Pretty overextended with those growth stocks. Was it really bound to happen forn we were priced perfection going into the earnings season. I think you are right. We knew this was going to be a poor earnings season, but a lot of these stocks had such a tremendous runup up into the time for their announcements. Not that the numbers were horrible, but they were not perfect. Intel came out. They have good guidance. Their data center was good, but there was concern with some of their Chip Technology that was two months behind schedule. With microsoft, azure was not as strong as many anticipated. Their margins are under pressure a little bit. People are taking the opportunity to get a little bit off the table in some of these names. We did that last week with apple and microsoft. We trimmed our positions a little bit angry implemented those funds in other areas and we implement it those funds d thosereimplemente funds in some other areas. Which areas did you reimplement them to . We really like that secular growth area, and we were looking at trends that started because of covid and we thought would last longer than that. Whether that was broadband or 5g or cloud. Because of the options we were speaking about, we looked at some other areas, names like walmart, these staple names. We know they are coming out with walmart plus, which could be a competitor for Amazon Amazon prime. We were also looking at some of those stayathome trades that we think will last longer. Mccormick is one of those in the staples area. Really trying to beef up our staples position a little bit, but also adding to some of the secular growth names we think still have potential, like charter communications. Haidi an Nextera Energy is one of the names you are looking at as well. Tell us about what you see compelling about that stock. There has been concern over the oil and gas industry, but if you still want exposure in that Broader Energy play, and we like looking at some of the utilities. It is a new name we added, and it has two divisions. It has its Florida Power and light component, but what we think is interesting is the Renewable Power production. We know that esg is becoming more and more of a theme for Global Investors when they look at the names they are wanting to add in their portfolio. We feel like having that component to the Company Gives a little extra positive news that it could have going forward, besides just being a utility that we think is going to be promising as well. Thei when you look at reaction in the markets to the jobless claims numbers overnight, how much fragility as they are, particularly when it comes to nonessential consumer facing stocks . It seems like even if the broader economy recovers, there is concern about the fertility of the labor market. Pictorial you are right. That is something we are watching closely. Consumer demand is going to be key. Many thought that as soon as states opened back up, we would see that demand, immediately. We just have not seen it. Even in china, where they have had strong recovery, consumer demand is still not back to the levels people would like. We have to be very sensitive to that. Consumer sentiment actually came down over the last couple of weeks in the united states, so we do have to be cautious of that. We are looking at some of the savings that people had airing this quarantine when they were not able to spend, but yet they were still getting these Unemployment Insurance payments coming in. Savings actually rose to some of the highest levels we had ever seen, but that may be shifting from not being able to spend to saving on a precautionary basis. Definitely something we will be watching. As you mentioned with the claims moving higher, the initial claims this week, we need to keep an eye on the reopening plans across the country. Shery will the high savings rate play into the disinflation narrative . Victoria you are going to have that play, that supply and demand play that is there. We are starting to see manufacturing, back. Look at how silver, the commodity has really skyrocketed , a lot of that because of an industrial play an industrial demand, or Industrial Supply coming back to life. It goes back to that consumer demand arbery going to see that component come into play . If not, we had that question of, do you get a disinflationary play, because you have all that supply and the demand is not there. It is not something we have seen yet, but it is something we are going to watch looking forward, especially as we have all this support from Central Banks around the world of rates getting low for an extended time. All of that will play into the inflation or deflation story. Haidi how much attention are you paying to geopolitical and domestic risk in the next few months . Victoria it is going to be a wild ride. We think that is going to happen every election cycle we go through. But laying a pandemic on top of justical election season adds more uncertainty and volatility. At this point in time, we dont think there is an election outcome being priced into the market. We are looking at what people are predicting if you have a democratic sweep going through. Maybe you have a 3 to 5 pullback in the market, just because there is concern over taxes being pulled back, regulation being amped up after we have seen it actually go down under the trump administration. But i still dont think we are seeing it priced at this point. It is covid related issues and earnings to an extent that are really driving the markets. That can change over the next couple of months. We will have to see how debates play out. We could see this afternoon where President Trump canceled some of the events for their convention. It will be an interesting election cycle with quite a bit of uncertainty. You so much. Victoria fernandez joining us. Still ahead, twitter reports lower revenues upon seeing record user growth. We will get insight. Coming up next, relations between washington and beijing continue to unravel, with u. S. Secretary of state mike pompeo now calling for change in the communist party. And dont miss our exclusive interview later with australias second largest gold minor. Gold miner. Theoins us to discuss runaway prices in precious metals. Karina the coronavirus marches on in the race to find a vaccine. U. S. Cases topping 4 million, while deaths in california and florida set unwelcome new highs. The World Health Organization now says china seems ready to allow a study of the pandemic origins with investigators expected to travel to beijing soon. Meanwhile, infections continue to rise in asia with hong kong reporting four plus infections for a second day. Social distancing rules are being tightened, but the government says a new lockdown is not eminent. Tokyo set a new record with 360 new cases as the country enters a long weekend. Cases are increasing among 40yearolds and 50yearolds. The coronavirus pandemic is likely to see india missing budget estimates as government finances come under pressure. Spending targets may not be achievable. The current fiscal year may be lost. Bloomberg expects that deficit to widen to 70 of gdp, twice the governments original goal, and the pandemic hit tax revenues and resources. The World Health Organization is heading back at the trump administration, saying its comments about being bought by china are untrue. The who rejects that, insisting its only role is to improve global health. Our focus of the entire organization is on saving lives. If there is one thing that really matters to us, which should matter to the entire international community, it is saving lives. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Haidi, over to you. War of words, this between hong kong and beijing is intensifying. Stater ago, secretary of mike pompeo called chinas leaders tyrants as tensions continue to soar. When it comes to the ccp, i say what is to trust or verify . [applause] we the freedom loving nations of the world must reduce chinese tensions. Emily wilkins joins us from d. C. These comments from mike pompeo are extraordinary, painting president xi jinping as a tyrant , that america and its allies need to essentially stop beijing from being a tyrant both domestically with their own people and internationally. Were these comments expected with the unraveling of the bilateral relationship . I think we have seen comments from secretary pompeo as well as others in the trump administration, even republicans and democrats in the wider u. S. Government, but increasingly negative tone towards china and toward beijing. I think these comments are the natural progression of other comments we have heard from secretary pompeo in the last several months. The ccp to change its direction falls short of calling for a regime change, but some of the things he said about xi jinping were very strong criticisms, towards him in the communist party as a whole. Shery and the pressure coming from all sides. The Justice Department charging four individuals and arresting three chinese nationals. Emily right, and this is after they had been charged with lying about their affiliations with the chinese military. This is a result of the investigation that was done to defy people who might be disclosing their connections to it. If convicted, they face a maximum penalty of 10 years in prison and a fine of up to 250,000. One individual who has not been arrested has been charged but is in thely sheltered chinese consulate in san francisco. Haidi we heard from President Trump in his daily briefing, which seems to have returned. He gave comments as to what to expect out of the gop convention. It sounds like the florida portion is off. Emily yes, this is kind of huge news. Initially, trump was so adamant about making sure the convention would happen that he moved it from North Carolina to florida, because he was not happy with the North Carolina governor and some of the restrictions he was in plummeting because of could he was implementing because of coronavirus. Withe is canceling it, jacksonville, florida, being a hotspot. This is a change in town we have seen from the president this week in terms of coronavirus. For the first time, stepping up and telling americans that they need to wear a mask and practice social distancing. Shery Emily Wilkins with the latest from d. C. You can get more on the rising tensions between the u. S. And china in todays edition of daybreak. Bloomberg subscribers can get it on the terminal. , u. S. Coronavirus cases top the 4 million mark as zar warnstesting c there may be hundreds of thousands of cases undetected. Shery the coronavirus continues to set unwelcome records, with hong kong and tokyo seeing a jump in cases and the u. S. Reporting total infections above 4 million. One Health Official thinks that number could still be in undercount. Lets get more from Health Reporter michelle cortez. The infection rate could be far higher than what is being reported. Michelle absolutely. It could be 200,000 people infected a day. The reason for that undercount is because we still dont have a good handle on testing. There is no way for us to get tests to enough americans to enough people who have the disease and who they might be spreading it to. Haidi we are also seeing a new report looking at how far and quickly the virus can travel, particularly when it comes to cold and stale air conditioners. Michelle absolutely. This is an emerging area where there has been a lot of controversy on how coronavirus actually spreads and how big the droplets are. This comes back to the idea that it was going to get better in the summer, when it is hotter and humid and the air is warmer. Now we are seeing very cold conditions in places like meatpacking plants and other places. When you have that kind of air, you can get spread more than 24 feet, 26 feet. Even when you are at a significant distance from other people, if you are not wearing a mask, you could be contracting the virus. We areit underscores how still learning new things about how this virus operates. Michelle, we appreciate your time. One of the worlds biggest diagnostics manufacturers, roche , is urging countries to be judicious as the demand for coronavirus tests outstrips supply. The supply could be short for months to come, despite the supply company quadrupling its output. Demand is enormous, and therefore it is so important that tests are really allocated signs andatients with symptoms, patience more at risk. It is also very important that to help reduceg infection rates by keeping social distance, washing our hands, Wearing Masks. Otherwise, it will be very difficult to keep up with demand. Do you think we would get a handle on covid19 . I have heard you have to test the public at large. Do you think it would be enough just to test people and symptoms . As you said, we have to have careful use, because the tests are pretty scarce still. That is exactly the case as long as we have scarcity of supply and as long as the industry as a whole is not able to meet demand, i do believe we have to be very thoughtful about allocating the tests in the right way. It is important that we allocate the tests to those patients who show signs and symptoms of the disease. Francine can we significantly increase the capacity to test in the next three to four months, when there is also winter and fall coming . We could see a second wave. Hasrin actually, roche quadrupled its Production Capacity over the last four months. I am extremely proud of our organization, all the people who are working day and night, 24 7, manyholidays to get out as tests as possible. The industry as a whole has been ramping up production, but it will still take time until we can meet demand. For the time being, i would strongly advise to allocate molecular tests to those patients who are most in need, and those are the patients with signs and symptoms. Roche expecting a big second wave of the virus in europe and asia and elsewhere in the coming months . Severin that is difficult to predict, and it will actually depend on all of us, whether we keep distance, whether we keep washing our hands, whether we keep Wearing Masks when appropriate. That is really the only way to. Eep this virus under control francine what should policymakers be doing right now to be prepared for that . Is it just making sure the population stays as they have been, or is it something more can create, to do with medicine . More concrete, to do with medicine . Severin it is about the message, so we stay more vigilant, but it is also important to carefully track the disease to see how it is evolving. We are the hotspots . And then quickly react and intervene accordingly. Part of that is also testing. That we takeis very specific measures whenever see infection rates going up. Haveis key before we medicines or vaccines available. Roches ceo speaking to francine lacqua. Jobless claims in the u. S. Rose last week for the First Time Since march, the clearest sign yet of a pause in the economic recovery. We will discuss if another round of u. S. Fiscal measures could help. 49. 50 i found you good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies even your dvr recordings. Download the Xfinity Stream app today to stream the entertainment you love. Xfinity. The future of awesome. Welcome to camp tonsafun on xfinity its summer camp, but in your living room. Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. The market opens for the final trading session it is just 19 minutes away. Is sittingdollar just above . 71. Ae dollar index weakening for fifth straight day after the unexpected rise in jobless claims rekindled concerns about the u. S. Economic recovery. That is leading to uncertainty in the u. S. Equities trading. We are keeping an eye on the daily virus numbers out of melbourne. They continue to come in at higher levels. Dailyird most highest number of cases largely due to the outbreaks in sydney and victoria. This comes as the treasurer predicting a budget deficit of 132 billion. At overployment to peak 9 . Lets take a look at asian markets. Our reporter is in hong kong. They are still on holiday so we are absent a greatly. Then trading is likely this friday. We could see some consolidation with downside moves. Asian stocks are set to track u. S. Losses. We are seeing declines in wellington while kiwi bonds are climbing. On the docket, a south korea start buying to support the local credit markets. We will look for reactions to that. And hong kong, futures are pointing lower. Tech shares demonstrating the polarization that has new economy plays outperforming in the city. The new tech index is to lunch on monday which will better capture the contribution we have seen from tech shares now making up one third of hong kongs stock market value. I want to highlight a note from alan ruskin at deutsche bank. He points out that the breakdown in the yen, gold correlation reflects the new macroenvironment sparking gold buying. Shery now to what is happening in the u. S. The white house and Senate Republicans have reached a fundamental agreement on a virus relief plan. They remain logged down in the details. Unexpected jobless claims shows how urgent this is. We just heard from the white house chief of staff, mark meadows, saying they will certainly have something to vote on next week. Where are we . Yes, bogged down is how a lot of people are seeing it. I think we have to characterize the gop bill is moving forward. We started out this morning with the announcement that the white isse and we can assume that president donald trump, because cutting the payroll tax was his big thing. Saidrday, Steven Mnuchin he saw flexibility on this position and this morning, that is one of the first things we heard. Steve also said the republicans in the white house had reached fundamental agreement on the outline of the plant. , the senateell majority leader, late this afternoon saying he is going to be ready to introduce the bill they have as part of the republican stimulus plan. That is why i think there is progress being made. Andcrats like Chuck Schumer nancy pelosi have been blaming republicans for the fact that the fiscal cliff we are going to fall off of Chuck Schumer saying the republicans have been did the ring and the white house has no direction. There are specific a six in the republican plan we already know about. They now agree that instead of a payroll tax cut, they are going to send out 1200 checks to americans who make less than 75,000 per year. Extent the jobless benefits. Put up aid for school. This is basically what they are looking for and at this point, you can say it will be interesting and important if they are ready to start negotiations. At three and an half trillion dollars. That is what the democrats are saying. If you are an optimist, you say there is room for negotiation. If you are a pessimist, you say there is a big difference. What are the democrats willing to drop . What are the republicans going to want do not add . The senator from florida is worried about the budget deficit. For a lot of people in congress, that is the least of their worries. I am an optimist. I think there is a chance we might see something on the table by the end of next week. We will have to hear what others in washington say about that. Underscoring the critical what droveimulus, the gains . You dont have to look very far. Thes not a stretch to say virus is surging in key states like california. Unionggest state in the if it were a country, it would have the fifth biggest economy in the world. That is a big deal. Arizona and other states. The first rise in jobless claims in three months. But look at the bloomberg chart. It was not a big jump. Were up around 7 million. 7 million in late march. They were expected to stay around 1. 3 million. They rose to 1. 4 million. Continuing claims, people receiving claims for four weeks or more eased a bit. They are still high even though they are down from 17. 3 million. Bill dudley was on bloomberg today and he was asked about the economy, what it means. He said the economic recovery is flattening as the shutdowns start recurring. The real focus he said should be on fiscal policy. That is with the u. S. Economy needs. Listen to some of that conversation. We are basically right at the edge of a huge fiscal cliff with the expiration of the 600 per week Unemployment Benefits the end of this month. If that is not replaced by something significant soon, the economy is going to be weaker than we anticipate. What an interesting confluence of events because we are going to have presumably the republicans and democrats starting to negotiate the various parts of their stimulus plan. The Federal Reserve is going to be meeting the 28th and 29th. We dont expect any changes from the fed, but certainly on wednesday after the decision is announced when jay powell is in front of the committee, he is going to be asked over and over about the kind of things that republicans and democrats are proposing about the importance of the action being taken about the idea that you need more aggressive stimulus than you put in before. It is going to be an interesting thing to watch in washington and to see what comes out of these important bodies. Coming up next, twitter reports record new user growth but a drop in ad sales. Were going to take a look at these numbers next. This is bloomberg. Are watching daybreak australia. President trump is canceling the Republican Convention in florida next month as the u. S. Struggles with rising coronavirus infections. Plansd it is time to drop for the party to meet in jacksonville amid cases that could spike among delegates. It was moved to florida after North Carolina was unable to guarantee safety as the pandemic rose across the united states. The latest brexit talks broke up with both sides saying a deal remains out of reach. The eu says big differences remain and an agreement is unlikely. Court may not be reached before the year split. No agreement, businesses will be hit by tariffs and quotas where none exist today. Spacex is said to be aiming for new capital at a valuation of 44 billion. We are told it is talking about at a price of 270 thousand out 270 per share. The recent funding effort was for 500 million at evaluation Morgan Stanley says it could ultimately be worth 175 billion. China has launched its most ambitious state Program Space program yet. Off in at lasted Second Mission to the red planet after a booster took off from japan. Chinas mission will take seven months to reach mars with the rover looking for evidence of water and the possibility of ancient life. Global news 24 hours a day on air and on quicktake by bloomberg. Powered by more than 2700 journalists and analysts in more than 120 countries. Im karina mitchell. This is bloomberg. Twitter reported earnings on thursday showing a Second Straight Quarter of user growth. As people turn to the service for news and entertainment. The advertising business was hammered. Lets get insights on the numbers. There is nothing about those numbers that is surprising. As user numbers were robust we see people continuing to go to the platform. Has the Business Model run into a low as you expect is this is to stop spending . Do they have to turn toward more of as obstruction based service . I think that is something they are looking at. We dont know the answer to that in the long run. However, in the immediate term, the problem they are running into is that even the current economic downturn given the ,urrent economic downturn advertisers are looking for a immediately measurable response to advertising. ,hat is something that twitter what it is offering is inferior to the other competitors such as facebook. That is something they are working on right now. That is one of the reasons why we think they have taken a bigger hit from this economic downturn and the pandemic compared to peers. Concern is thea recent bitcoin related hacking and the subsequent reports of privacy breaches and other related hacking incidents . What does that say about the reputation impact on twitter for being secure . Will say this. Just like other platforms, we think twitter will continue to face risk. Related to data security, related to getting hacked. All of these platforms are pretty much in a race. They need to continue to update their security measures. Needs to bepending made available in order to enhance the security. Is on therns us more regulatory front. Especially when youre talking about President Trump talking 230 and targeting platforms such as twitter. Twitter could be taking more editorial control over its user generated content, some lawmakers and various government organizations could Start Talking about twitter may be a publisher and not necessarily a distributor. That could remove the viability protection that twitter and other platforms have had for a long time. That is our main concern. Regarding data security, that is an issue that twitter and all of its peers are facing and trying to address. What about the relationship between the sensitive topics and advertisers . Morgan stanley was cautioning that much of the engagement twitter was seeing was driven by socially sensitive topics that advertisers are more cautious to spend around. Will this be an issue . Yes, we think it will. This brings it back to what i mentioned earlier. It is mainly because most of the advertising that is being conducted on twitter is brand advertising or broadbased advertising. You are talking about wellknown brands that want to make sure their ads are not placed alongsi de that content. Some of those advertisers are boycotting some social network platforms. For that reason, given that most of twitters advertising revenue comes from those types of ad campaigns, we think twitter will be more impacted than some of its peers which had been more aggressive on aching improvements on their direct response types of ad campaigns that they provide for the advertisers. Quickly, we saw more discussion exploring dual revenue streams. Would a soup script and service help . Would a Subscription Service help . Yes, the question is is the company seriously looking at that . They have invested in exploring many different options many times in its history. We think thats what Innovative Technology companies should continue to do. What happens regarding subscription, you can compare it to what youtube did with youtube premium. On user still focuses generated content and it gives the user the option not to see the ads. Not to be annoyed by the ads. In order to do that, to pay a little premium. At the same time, i think ittter has a good chance, if goes this description route, has a chance ofs attracting premium content. The premium content creators to create various channels for themselves in order to get closer to their fans and so forth. Help them market their content more effectively. Those are some of the things we seek for twitter in the future. In terms of the short to mediumterm, it is still up in the air. It is unclear what twitter is going to be doing. Great having you with us. Wozniak is suing youtube accusing the company of letting scammers use his name and likeness as part of a phony bitcoin giveaway similar to the one that hit twitter last week. He spoke to emily chang. It started in early may. Some people started contacting us saying they sent their bitcoin in and why didnt i send them twice as much back . They say they saw it on a featured Youtube Video for them to watch. Then we went online and we discovered there were a whole bunch of these. From then on, we probably sent and writtenotices statements that this was a crime. It takes us time. We are just normal people. We have to go through the whole process. Crime so werting a humans can look at it. Ever saw what was going on. I dont think a hume and ever saw what was going on. A human. You have said that youtube has been unresponsive and you praised twitter for responding the same day. To the big hack that was related to this. What didnt youtube do that you think they should have done . Are one thing, you go to reports, something is wrong with a video or it is reported as fraud or there are about seven categories but fraud was one and copyright violation which also replies applies here. And you can type in a statement what is wrong. It would have caught anyones attention that saw it. Algorithms cant tell what you mean. That it is a scam. Any human would say it is a cramp crime. They never got to a human is the problem and we couldnt get a response from them. I dont like to pull strings and go around things the way normal people cant. So every day over the last two months, the scams have been up there on youtube. We did get a statement from youtube. They say they take siri ash account security seriously. They automatically tech users when they detect scams. Ceo of reach out to the youtube . I dont go around and use my privilege because of my name. We did it as a normal person online. Maybe it never got to a human. Maybe a computer that doesnt understand what a scam is saw it and didnt have a response. They did not take this seriously enough to have a category saying there is a crime going on and please let a human see this. What do you want youtube to do right now . Youtube, no it is everybody. This is a broad category where you cant reach humans for support. That whenbe expressed it is a matter of a real crime going on, and obvious crime, any human would look at this and see it is a scam. Haveo be ways to not youtube be a party to it and other companies. We will, facebook, whatever, not be a party to it and reach a human so there are ways to stop it. Youtube could stop it with Software Techniques and human techniques. If you cant get to anybody, how can you do anything . Listen to them say afterthefact that we take it seriously. They didnt take it seriously at all. We reported 100 or more times. Every night, we reported tons and tons that were still up. To this day, there are still some. Cofounders the apple Steve Wozniak talking to emily chang. There is still more ahead. This is bloomberg. Numbers arend trade crossing the bloomberg. The annual trade deficit narrowed in the month of june. The kiwi dollar, the trade surplus coming in at 420 6 million kiwi dollars. That is just short of what was expected. Exports are in line with expectations. Meetalian leaders will today with the Prime Minister to discuss the response to the countrys worsening coronavirus outbreak. Masks being made mandatory. We are seeing potentially a stage iv lockdown. The severity seems to be worsening by the day. Yes it does. Numbers yesterday pulled back a , wele but the overall trend will get an update in the next couple of hours that will give us a clearer picture. Melbourne definitely continues to be the epicenter. There is concern in sydney. New cases are in the teens, but sydney is where melbourne was a month ago and there is concern that things could escalate quickly. Those in sydney are being told to defer beach holidays and where they go and what they do. To be careful. Yesterday, we saw the deficit is expected to grow by 184 billion. Those numbers are all put together before we saw the resurgence in cases. Particularly in victoria. There is a concern that the damage could grow bigger by the time the budget is delivered in october. Paul allen there with a update from sydney. Dont miss our update later today. This is bloomberg. Hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Haidi a very good morning. We are cutting you down to asias major market open. Shery welcome to daybreak asia. Our top stories, geopolitical tensions rise further. Mike pompeo stokes the flames by describing chinas leaders as totalitarian tyrants bent on global domination. The coronavirus continues to dominate as u. S. Infections top