Agree on a deal which could see a new company if approved by President Trump. Haidi and the race for a china facesvaccine, a deadline on the growing kovacs plan. Little pressure at the open. This as u. S. Stocks dropped the most in a week in the regular session. Sentiment being damaged by poor economic data. Jobless came just jobless claims fell less the s p 500 fell for a second consecutive session, but found some support after bouncing off its 50 day moving average. The nasdaq was down more than 1 . We see itk at oil flat at the moment, around 40 a barrel. This after climbing when saudi arabia express determination to stop oh plex opec plus members, posting its largest three day gain. Kong to see g to see how things are shaping up. We have futures pointing to a mixed start. The regional index set to rise for the first week in three. We are keeping and i on toshiba with a chip unit on course to raise 2. 9 billion in a share sale in sydney. We are watching a bid to get a stake in italys open fiber. Openingington marginally higher. Fonterra trading at a december high. A couple of big deadlines this friday including tiktok and china, whether it will designed to join the kovacs program, and this friday, we will see a financial ipo up for review. That exchanges set to snap a fiveweek decline. We do see a build up an appetite for chinese tech and that is evident in a blackrock. Watching news around chinese a chinese startup the livestreaming app said to be considering an ipo in hong kong which could raise up to 5 billion. We could see a demand for cash in hong kong, adding to pressure on the hong kong dollar. Hong Kong Monetary Authority increasing defense on the currency peg. Haidi we will stay with china tech and the u. S. Treasury oracle agreeing to terms keeping tiktok operating in the u. S. , including plans for an ipo. Any such deal must earn the approval of President Trump and authorities in china. Things have been moving very quickly on this deal. What is the latest development we know of . Ist we know what we know tiktok would do an ipo on a u. S. Exchange in about a year after this deal comes together. The big unknown is, is the president and the big unknown behind that is the ownership stake. What would an ipo look like and what would it mean for bytedance and its majority stake in Tiktok Global . We know oracle and other u. S. Investors would, combined, take a 20 stake in the company but we are trying to figure out what would happen with bytedance and whether it would be willing to relinquish its majority stake or whether there would be a separate class of shares or another way for it to maintain control over the u. S. Company. Continue to see this pressure on any company doing business in the u. S. Sources telling bloomberg the u. S. Has asked Gaming Companies to provide information on their Data Security protocols involving tencent. Is this a trend we will see Going Forward where the Trump Administration or any Administration Even after the election would pressure pressure Chinese Companies to abide to u. S. Rules and increase scrutiny from now on . This has become a major platform for this administration, the secretary of state in particular. They say they have thought this all the way down to the level of if you have a smart fridge in your home in your kitchen and that fridge is sending data back to china, what if in the event of increased tension, some cyberattack could shut down your refrigerator . There are hawks in this administration willing to take things as far as it can go and see any situation where companies with apps on u. S. Phones or where there are u. S. Subscribers were u. S. Data, they see that is a major threat. It is expected of joe biden wins the election that he would take a slightly more moderate tone, but this is a bipartisan issue. All of them believe there is a much greater threat from china and they want to respond much more forcefully to what they see as the threat and the big one is intog china, we let you the western system and now we want you to play by the rules of the road, which we believe you have not been doing. Haidi lets now turn to the first word headlines. Areal coronavirus cases hitting the 30 million mark. The World Health Organizations warning of a resurgence in europe. France is reporting the most new daily covid19 cases since the end of the locked down in may. For the second time in less than a week, there were more than 10,000 new infections in the northeast of england and the northeast of england is instituting tough restrictions. The bank of england is giving clues that it could cut rates to below zero as it battles the coronavirus and the risks of a no deal brexit. The governor said the policy as part of the toolkit. Market traders are adding the next biggest points will come in february and a similar move shortly after that. Oil posted its biggest three day advanced since may after saudi arabia forcefully renewed calls for opecplus members to adhere to production quotas. Saudi arabia condemned Cartel Members who cheated on the production quotas at thursdays meeting and got the backing of russia, which said the group should strive for high compliance. Saudi arabia warns members not to test the kingdoms resolved. Tencent will show english are englishs in China Premier League games in china. Tencent will show the rest of the seasons games on its digital platforms, including we chat, qqq, and tencent video. English clubs have been struggling because of the coronavirus. The premier league said it will continue to ask floor other options. Still ahead, we will speak to the new zealand finance minister in the wake of the country Second Quarter gdp report in less than a month until the upcoming relax upcoming election. Thefirst, we talk about outlook for the recovery. This is bloomberg. Shery the feds lower rate for longer philosophy means the central bank will get inflation, maybe just not the kind it wants. Lets bring in the will equity strategist from wells fargo securities. In this asset price bubble situation . How much worse could get . Anna worse, or better in some ways, right . We have had this equity melt up and with the fed coming up, the new phrase we like to uses dont fight the dots. If rates are going to stay low, what it does is help investors or give them even more reason to lever up and put on risk. That could come in the form of more equities. Weve already seen the nasdaq 100 tech stocks, showing the 100 day00 below moving average. Are we going to see rotation that is sustainable . Anna thats a big question we have been getting. You see we have come down, the s p 500 has come down from about 5 since the early highs in september, but what has led it is the technology sector. And second is the communication sector. But these groups are not the highest risk groups. Risky. E not the most instead, they are the strongest performers since the bottom in march. If you think about it that way, we suspect its more about profit taking. We dont think its a sign that Investor Confidence is broken or a major shift just yet. I want to bring up this chart which i think connects with what shery was talking about. That the hints s p has an equal rated index. There are some indicators that suggest we are headed that way virusrelated news would you need to hear, including any more conviction on a vaccine before you say it is greenlight ahead when it comes to this rotation play . Anna when you think about green light for rotation and say when are we coming into value, a speed up in the vaccination could help spur that, but it could also do the other effect where you encourage investors to put more risk on and more growth. To see this bigger rotation into more than value trade, we would suspect you need better news on the covid front but we need some clarity postelection. This election uncertainty, for us it weighs heavy on us and even before we rotate between growth and value, for us, we are suspecting what about a shortterm rotation into the defensive . Haidi in terms of defensive, where would you be looking as you see sectors of the market put more in cash . Is there going to be a great deal of uncertainty going into november and how would you be rebalancing your portfolio to be more defensive . Anna for us, to be more defensive, you are looking at traditional low volatility groups like utilities or rates. Reits. S these have been left in the dust with the summertime meltdown. But we are increasingly anxious about election day. This vote by mail can lead to one result on november 3 but it could flip as more votes get tallied. If you want to throw back to the 2000, think about the bush gore election. When that result was unclear, equities fell nearly 8 over the following weeks from the election day. We are really wary as we get closer to november that we might need some offensive protection just to whether to the election uncertainty. Shery what about the uncertainty of another stimulus package . How much have markets price and the possibility we might not get one . Think markets are really expecting no stimulus, which for us, that is not our view. We have to assume no stimulus because theyve been a stalemate for quite some time. But even without further fiscal stimulus, we have tons of monetary easing and the fed, they have confirmed they are going to continue their monthly purchases and they have the ability to ratchet that higher. So we do see economic recovery happening in gdp coming back, though stimulus would help. Have all of those uncertainties that could fuel demand, so where is the dollar going . Weakerhe dollar will go in the longer term because as recovery happens, you see this risk taking and in general, the dollar is more of that safe haven currency. When you want to tie the dollar back into how it affects equity investors, the concern becomes does the weaker dollar go with weaker demand for u. S. Equities . Intoee the flow of money something juicier. Right now, we are not seeing that. A weaker dollar doesnt pose the biggest risk to equities. Always appreciate your time sharing your views with us. Andng up next, modernity pfizer make the unusual move of releasing details about their vaccine trials. Well get the details on what we learned this to head. This is bloomberg. Haidi pfizer and biontech have made the unusual move of making Public Information about their vaccine tests. It comes after astrazeneca denied a report that a trial volunteer developed a rare nerve disease. Lets get more from Michelle Cortez. Tell us about this move. What have we learned about these vaccine trials . Shall Companies Developing vaccines are giving unprecedented access to their Development Plans here. Both mode are in a and pfizer about put out reports 135 pages each detailing how they are doing their clinical work. Normally, these things are proprietary but because they are concerned, theres been so much controversy over the safety, efficacy and policy of these vaccine approval that they want to try and reassure everyone that they will be doing everything aboveboard. Its interesting because they are getting some insight and some of the decisions they are making will be coming on very small numbers of people. We heard from astrazeneca from their report, suggesting one of the year people on the trial developed a nerve disease. How does that convince people about the safety and transparency of these trials . Michelle astrazeneca came out and said it did not have the case of transfer in its trial, which is interesting because the trial is halted in the United States. In europe and u. K. , they have is unclearals, so it what is holding up the fda. Regulators move at different speeds and the fda is a more conservative hasnization, but the fda more concerns. The fact that company is saying it was not transverse myelitis but not giving any information on what it was does keep this cloud of uncertainty over the trial and at some point, they will have to give full details on what happened. China in the meantime, facing a major trial in its vaccine will they be joining the kovacs inoculation push . Michelle theres no way middle to low Income Countries are going to be able to get enough vaccine to protect their population and ultimately protect the entire world because if coronavirus is spreading anywhere, we all remain vulnerable. This who effort is intended to developings to these countries and make sure everyone is covered. The United States has said its not going to participate and it has opened the door for china to take a leadership role as the Trump Administration has been criticizing china for not doing more when the virus emerged to keep it contained in china and making it responsible for the outbreak. That is the Trump Administrations addition. China, if they did step forward, they would be able to get a good Public Relations move going saying they are willing to help everyone, but they have not made that decision. They are saying they are in favor but they have not yet committed. Tomorrow is when we should hear. There Michelle Cortez what the latest. Bill gates says it will be much harder to solve the Global Climate crisis then and the pandemic. In his conversation with erik schatzker, he spoke about what governments should be doing to tackle both issues at the same time. Bill the idea that you call on government to really look at the what willd understand work, what wont work, the pandemic illustrates the government did look out for us despite did not look out for us despite the warnings out there. Climate is the same paradigm. In the case of climate, for gets worse and worse, theres nothing like a vaccine that you can spend tens of billions on and mistakes, your cant wring it to a close. Climate changes much harder and the damage that will be done every year will be greater then what we have seen during this pandemic. I hope it is a wakeup call to think what else are we being warned about . Does what Government Resources would that take . Holding people to account, even things that take a long time, we have to get started now on. Commonne of the things to Climate Change and the pandemic is a growing mistrust of science. Well what were where will this country and up if voters dont believe what Scientific Data show and scientific models indicate . Bill i think its more who do they trust . No one knows all of science. Im a perennial student and the percentage i know is very small, but theres a way of taking really good people, having open debates about what is known, what is not known, an approach science teaches us that lets us find what those investments should be. Will this vaccine work . Count the things that that you dont expect the population themselves to know but you should pick somebody who believes in experts and can admit mistakes and is willing to come to the longterm plan and say we are a southeast country. Its a hugengs, problem for this country. Its more to do with engaging, the publicaches then knowing a lot of science themselves. When you describe those desirable attributes, do you have anyone in mind . Bill somebody who has proven they have wisdom and that they pick very strong people and will build a team approach. That is what we do when we give out money as a foundation and we fortunately have a lot of success using that approach. Microsoft cofounder bill gates speaking with erik schatzker. Be sure to catch more from the final day of the bloomberg green festival. The event gathers thinkers, scientists and thinkers to focus on the issues of climate action. Rival could raise as much as 5 billion. It is the biggest rival to bytedance pasta mystic version of tiktok. The version backed by tencent began in smaller chinese cities and claims to have over 100 million daily active users. The san franciscobased ridehailing pioneer has monetizing stakes in other countries to boost its own share price. The uber price was down in new york, well below its ibo ipo price. Be 850 Million Dollar turnaround thanks to asset sales, reduce debt and a strong milk price. Intelligence focusing on milk pot value. Daily cattle members limit the growth of milk supply. Up next, we will be joined by the new zealand finance minister. This is bloomberg. Look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Karina we begin with our top story more details emerging about the plans to keep tiktok operating in the u. S. Bytedance and oracle are planning a new york ipo next year if the deal is approved. Terms but anyed new Company Needs the blessing of President Trump and china which has described the transaction is economic bullying. The u. S. Is people who use we chat for personal and Business Communications will not be targeted by President Trumps executive order which comes into effect on sunday. The Commerce Department has yet to clarify which transactions would be prohibited. Tencent is coming under scroogie for reasons of national security. They are demanding tencent provide details of its Data Security protocol. Highest level u. S. Official to visit taiwan in decades has made a second visit in a matter of threat ofmpting a retaliation from china. The u. S. Under secretary of state arrive thursday evening and is due to meet the islands president of foreign minister and attend a memorial for taiwans, president. Beijing has called visit provocative. 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. New zealand has seen its worst economic slump since the Great Depression with a strict nationwide lock down that brought the country to a standstill. I want to bring in the new zealand finance minister who joins us now. Wonderful to have you with us. We appreciate your time. You are in the middle of an Election Campaign and its a bad picture for the kiwi economy. Growth to return they dont expect growth to return until next year. Helicopter money, direct money to households, as well as direct monetary financing, is it time to reconsider those options . Dont think so because these figures are backward the year haslearly been a difficult one for all of us. We took an approach to lockdown rules that has laid out in the june quarter numbers. What we have also seen as in the indicators, for july was above where it wasnt when he 19. Usinge see is the economy the robustness and resilience we have in economy coming back strongly. Operating at much lower restrictions and exports are holding up, our economy is looking strong. April, itpoke in ended up paying out 13 teen billion dollars, supporting new zealanders to stay and work, so there has been plenty of stimulus money across the economy and now we are moving into a much more positive territory. Shery and yet there are some parts of the market considering negative rates do you have any concern about negative rates for the country . Grant our Monetary Policy in new zealand is fed by our reserve bank and they provided clarity to the market saying they wont move the rate until march of next year. Between now and then, you have to see the economy stabilize. Take that into account as they go forward. Around the world, what we used to call unconventional Monetary Policy, a degree of quantitative easing the bank has undertaken, things are going reasonably well in the Financial Markets here. They will bear all of that in mind when it comes to bear next year. Shery will the pressure of banks profitability, would they be less willing to lend during the downturn . Grant we have a very stable Banking System in new zealand and they have found a way have put larged amounts into the economy, supported by the reserve Bank Insecurity market. At the moment, they are doing well and as long as the economy can do that, new zealand will be a strong position. Monetary and fiscal policy have worked well together. Would it help if there were further delayed plans to raise Capital Requirements for banks . Grant there was a decision to delay those through july of next year. The banks have remained strong. It seems like the appropriate decision for the reserve bank to have made. Roomgives us even further for the economy to solidify and the is important shery you dont see that being extended . Grant that would be for the bank to decide. I see no indication they are planning to do that. Thei are you worried about optics should negative rates happen next year . What does it signal to the International Investor about the strength of the kiwi economy and is it a concern that it signals a point where we have run out of ammo . New zealand is not alone in the challenges on the fiscal and monetary side of things. Those will be issues the central bank bears in mind as they work their way through. Robust economy and our exports are up. We see good levels of investment from both overseas and here domestically, so there is an awful lot that changes in a short time and i think by the time we get to the be getting of next year, people will see how the new zealand economy has gone. The ratings agencies continue to u. S. Favorably and know we have a strong Balance Sheet and this upland approach from a physical point of view. I think theres an awful lot of water to go under the bridge before decisions from the reserve bank next year. Do you imagine where you have a date letting foreign students, tourists, do you see the idea of a trouble bubble happening with australia . Grant we are working toward the idea of some International Students returning at the beginning of 2021. It wont be at the volumes we have had in new zealand in the past but we are working to see what we can and able. The government recently announced we would be creating a certain category of prices for people to support economically significant activity here. We are continuing the work on our policy bubble. We are seeing the implementation of that in delayed. I think its important to bear in mind through this time where we have not had people traveling across the borders in such numbers, goods have continued and new zealand export prices have increased in a number of areas. We continue to trade with the world and interact with the world and as soon as is possibly safe, we will be opening those borders backup. Shery thank you for joining us while you are having a busy morning. We understand you are in the middle of a campaign and cruising to an easy victory on october 17. Grant im glad you think so. Shery you seek to would you seek to form a coalition with the green party, given how much support your party has right now . Politicaliously, polls are what they are. We have worked well with the green party through this time of government and if they are there and we are there, there will be an opportunity for discussion. But for now, the next few weeks involve seeking people to support our party and we will see where the results landis toward the end of october. Presumably,y one, if sherys predictions come true, what would be you are policy priorities and are you concerned about getting new zealand pasta schoolbooks books back in order . Grant obviously, like all economies, facing this one in ourr event, we are priorities remain recovery and rebuild from covid19. An investment in our skills and the productive sector, we have Campaign Promises and commitments we will have to implement, but new zealanders are very much focused on making sure we continue to trade with the rest of the world and get through this crisis. Every country in the world is under pressure, but im confident about new zealands prospects. Shery thank you for making time for us. The new zealand finance minister winning us with the latest. Dont miss our interview later our interview with a representative from fonterra. Later on daybreak asia. Up next, in backtoback Central Bank Decisions from tokyo to london did not see any moves but they moved markets. This is bloomberg. Haidi lets get you a look at the the benchmark on course. This is a busy week in m a and ipos in japan. Still set to be japans biggest ipo this year. Currencyin on the quarter, back above 675 after we saw a pullback in assets on the feds pessimistic outlook. Taking a breather and strategist going back to the drawing board and direction for the currency is looking trickier. The yen holding below 105, trading around a july 31 low. We have cpi data from japan do this friday. Checking in on the pound, trading steady on a stock after eight choppy overnight session. Given thends remain, negative rate bets are building. Boef a in february for the pushing back the timeline from their initial projection for november 2020. Water, we just treading the markets already pricing in that possibility as the finance minister just told us the economies trajectory will be key in the debt petition. Shery breaking news at the moment Johns Hopkins confirming global coronavirus cases have surpassed 30 million. This comes as we have more than 940 thousand people dead worldwide. We continue to see news of vaccines, more drugmakers becoming more transparent about their late stage trials as President Trump in the u. S. Doubles down on the prediction there will be a vaccine widely available by october. In the meantime, global confirmed cases surpassing 30 million. Over the past 20 four hours, Central Banks from tokyo to london have moved markets not by moving rates but by making it clear they will take whatever steps are needed to support this pandemicbattered economy. Kathleen hays is here with a round up. Lets start with the bank of japan. What was their message . Theleen the messages economy is not looking as bad as it was but more steps need to be that boj is ready to work with the new Prime Minister. Thats one of the big takeaways. Bojlets start with the governor. About theirng upgrade of the Economic Outlook and what it means. Japans economy has started to pick up with Economic Activity resuming gradually. Although it has remained in a severe situation due to the impact of the Novel Coronavirus at home and abroad. Kathleen a lot of central bankers and policymakers, they are saying things are not as bad and we are seeing improvements, nevertheless we are on guard because we are not out of the woods. Boj did not change any of its rates or bond purchases. It kept its commitment to the 2 inflation. No surprise, people are talking more and more about how this may be an early indication that the boj does not have to put such an emphasis on, that they will get to that 2 inflation rate no matter what because the new Prime Minister has long been focusing on growth more than inflation. Interesting it is kind of boilerplate. But he says the boj will cooperate with the government. More specifically, when he was talking to reporters, he said the pandemic should not stop the government from taking structural reform steps, which suga has emphasized. He said the need for deregulation is widely recognized and that boj stands ready to support a safety net through monetary easing. Suga has called for deregulation to boost growth, not to mention the not mentioned the 2 inflation hardly at all. Economists are saying if suga pushes the boj to do anything, its going to be more about boosting jobs, boosting the economy, stopping the yen from rising too much. The whole question of pushing them to keep that 2 inflation target in the public eye is going to receive. A lot of people have been wondering when the doj might start making this shift and the stepping down of shinzo abe and the new Prime Minister coming in appears to seem like something that could happen now. Following the bank of japan into negative rates is not just getting hotter and hotter we just spoke to the finance minister from new zealand and he says they know they are committed to keeping rates until march. At this is also a debate taking place in the u. K. What is happening in england . Kathleen both heads of both Central Banks have opened that door to if we need to do more. Unlike the fed, which has firmly kept it shut. Whats happening now is virus cases are rising, weve got this question of avoiding the hard brexit, maybe that isnt going to happen. But the minutes from the meeting today at the bank of england said they are going to begin structured engagement with u. K. Bank regulators on moving to negative rates. Adrian or made the same kind of point you have to look at money market funds. You cant just throw them on the table. Lets look at a chart to give you some sense of what andrew bailey, head of the bank of england, what he is looking at. Hes got his inflation rate at. 5 . You can see the key rate is already at zero and look with the economy did in the Second Quarter down more than 20 . Its no wonder markets are pricing this in and they are worried about virus restrictions being renewed, but that is going to do two jobs, wage support is going to run out and again, Boris Johnson saying maybe he wants to redraw the map on the brexit is a big problem that could hit the economy as well. For now, the bank of england has all its options on the table, including negative rates. Coming up, how a funding squeeze at trillion university brainecting a potential drain. This is bloomberg. Haidi sterling universities are struggling to come to grips with revenue with students and able to enter the country. It could have a longterm effect on research, including research into future pandemics. Has the reliance of feepaying students come back to hurt them . Has, but it is not entirely of their own making. For years, government funding for universities has been scaling back and universities have been expected to operate more like businesses and turn a profit and have been doing that quite well. It makes up the fourth largest export for us really after iron ore, coal, natural gas at a quarter of those enrollment come from overseas. Then the pandemic hit. 40 visay, we had just arrivals, so it has completely a lot completely collapsed. So theres concern this money is no longer there. The Australian NationalUniversity Says foreign student revenue supports a quarter to a third of all Aussie Research funding and those students are also involved in research as postgraduates and they are just not here anymore. Haidi so what is being done to address this . Paul in the shortterm, their support from the government and philanthropies as well. Queensland and the federal government are kicking in 15 million for the Vaccine Development and theres help from other funds, including the bill and indicates foundation for that vaccine research. Once the pandemic is over, then what . The borders are still shut, so the mediumterm, International Students need to come back. In the meantime, theyre looking at other countries where the border restrictions are not as stringent like the United States and europe. Isgerterm, this highlighting the achilles heel in the whole funding system. You can probably expect calls from universities to the government for a little more money. Paul allen in sydney. Lets get you a check of the business flash headlines. Diet wo ecommerce giant set to be planning a 1 billion Hong Kong Ipo as soon as this month. Hong kong has seen a parade of higher tech firms go public while Health Care Companies have raised some 13 billion through first time share sales, breaking a 12 year record. A buyout firm led by leon black is exploring a takeover of a german plastic maker. They were spun out of a drugmaker five years ago and its shares of have to from a high and now valued at around 10 billion. Theyve been in discussions for several weeks. Mccoury bank has offered 3 billion for a 50 stake in open fiber. It would pave the way for an italian Single National broadband network, a priority for the Prime Minister. Sale may also face opposition from the eus antitrust arm. Are set toards create spains biggest lender. It seeks to boost profitability following the impact of covid19 and years of low interest rates. Longgnals the start of a way of consolidation. Exploring thebe chinese burger king business, valuing the assets at 1. 2 billion. They run more than 2000 burger king outlets across china and turkey and is the largest franchisee of the restaurants. The company could also provide plans for an ipo. Coming up, more on the markets and the prospects for recovery as u. S. Jobless claims resume their drop. Jay polasky joins us next hour. Here is how markets are trading u. S. Futures up. 1 as u. S. Stocks dropped the most in about a week in the regular session. Sentiment was dampened by poor economic data. We are really watching closely whats happening with the tiktok deal President Trump speaking to reporters at the white house, microsoft issses still involved in the tiktok deal, this as we heard tiktok mobile intends to hold an ipo in about a year and the treasury department, bytedance and oracle have tentatively agreed to the terms for the u. S. Operations. Sydney futures higher, japanese futures higher, but kiwi stocks are under pressure. This is bloomberg. So youre a small business, or a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Haidi a very good morning. I am haidi stroudwatts in sydney and were counting down to the asian market open. Shery i am shery on in new york. Our top stories at this hour. Asian futures topped a modest gains. U. S. Tors are analyzing jobs data and central Bank Statements that reflect a fragile economic recovery. The u. S. Treasury, oracle and tiktok