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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240712

Can he avoid the curse of rolling door leaders . And the s. E. C. Is examining electric truck maker nikola over a short sellers allegations of fraud. Our u. S. Futures are coming online. Flat at the moment after u. S. Stocks rose in the regular session. Stocks rebounded from blast last weeks selloff with the likes of high dimension, oracle, tiktok. Now, the dow ended at the highest level in more than a week. The s p 500 had every sector in green and was led by real estate and tech. Take a look at what oil is doing at the moment because its gaining ground and its above the 37 a barrel level. This after feeling the pressure in the new york session. Opec downgrading its outlook for the Global Oil Market and cut its Global Oil Demand forecast for each quarter to the end of 2021. This ahead of that meeting of ministers that will be held virtually to assess the curbs theyve implemented. We go to hong kong with more. This tuesday asian features are mixed. Trade numbers from india as well as i

Japan s Suga Heads Into Olympics Test With Support at Record Low

Isabel Reynolds, Bloomberg News (Bloomberg) Yoshihide Suga’s support rate hit a record low just days before the start of the Olympics, raising the political stakes for the Japanese prime minister who faces a general election soon after the games. About 33% of respondents to a survey carried out by public broadcaster NHK between July 9-11 said they supported Suga’s cabinet, down four percentage points from the previous month. The survey came 10 days ahead of the Tokyo Olympics, which Suga needs to be held without major mishap to support his bid to avoid becoming a short-term leader. Suga was teetering near what is referred to in Japanese politics as the “danger zone” of below 30%, when some past premiers have quit or been forced out. That’s an ominous sign since he must win a leadership vote in his ruling Liberal Democratic Party in September. A general election must also be held before late October, although a loophole could allow it to be postponed unti

Japan Ruling Party Loses Seats in Blow for Suga Before Election

Japan Ruling Party Loses Seats in Blow for Suga Before Election Bloomberg 2 hrs ago Isabel Reynolds © Bloomberg Yoshihide Suga, Japan s prime minister, speaks during a news conference at the prime minister s official residence in Tokyo, Japan, on Friday, April 23, 2021. Tokyo and three other prefectures that roughly account for a third of the economy are set to enter the state of emergency from Sunday, little more than a month after an earlier emergency was finally lifted in the capital. (Bloomberg) Japanese opposition parties won all three by-elections for parliamentary seats in a blow for Prime Minister Yoshihide Suga, who must hold a general election within six months.

Japan to Punish Bureaucrats Treated to Meals With Premier s Son

Japan Punishes Officials Treated to Meals With Premier’s Son Bloomberg 2/24/2021 Isabel Reynolds © Bloomberg Yoshihide Suga, Japan s prime minister, wears a protective face mask as he delivers a policy speech during an ordinary session at the lower house of parliament in Tokyo, Japan, on Monday, Jan. 18, 2021. Suga vowed in a speech to parliament to overcome the latest wave of coronavirus infections and reiterated that the government was preparing to start vaccinations by late February. (Bloomberg) Japanese bureaucrats accused of breaching ethics rules by accepting meals with the son of Prime Minister Yoshihide Suga are set to be punished or reprimanded, in a scandal that may hurt the premier’s already fading support.

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