You are watching daybreak asia live from new york, sydney and hong kong. Counting down to asias major market opens. Australia is online, the top stories. Relief after a retreat in treasury yields following a volatile session. Bearish bond views. Hamas frees two hostages and chevron vies hess in the second Major Oil Deal in a few weeks. Annabelle thank you, weve got the open of the asx 200. Pricing with a staggered start. What is happening in the bond space is where we have noticeable moves and sherry can get through the details but there was a pullback in yields coming across in the three and 10 year as we get trading underway. Whether we see relief coming through for equities and a softer dollar, we are seeing the a sx coming online fairly flat as we get underway but if it trades in the green that would snap three days of losses for the australian benchmark. Something to be monitoring. Ubs saying we can expect more volatility because the relationship between bonds, rates, the fed is b
5 level. Todays action coming ahead of the busiest week of earnings. A number of key Economic Data points, whether youre a bull or a bear, theres a narrative to hang your hat on. Lets bring in mike santoli, cnbc senior markets commentator. Whats the bull case . The bull case is yields are going up largely because the economy has been stronger than expected. The bottom were seeing in earnings is going to hold. Well actually have progression higher in s p 500 earnings. The market should eventually reflect that. The other piece is the fed is at the end or near the end. Everything going on with yields is also maybe taking the pressure off that end of things. The market seems to roughly agree about that. The other one is sentiment and positioning and seasonals have primed the pump for a decent rebound attempt at the end of the year, i would say. Youre talking about shorts, in other words, coming off very short, equity exposure is coming down, in general. Yeah, all that stuff seems to be bui
Well sit down with both c. E. O. s. Flying into the future. Were going to sit down for an interview with Virgin Atlantic and delta on the next steps in aviation. From new york, im alix steel with my cohost, guy johnson, joining me in new york. Welcome, everyone, to Bloomberg Markets. Guy you did really well. I thought we were going to say london. So nice to see you. Guy im a little discombobulated by sitting down, finding that whole thing weird. But side by side. Alix and chairs are squishy. Guy oh, yeah, i can lean back. All kinds of stuff. At some point if i keel over backwards, its not because im completely jet lagged, its because the chair doesnt work. Alix please dont do that. Guy we got a great show. So i come to new york, and it looks like things happen. Alix theres an oil deal, and then airline c. E. O. s, the best of both worlds on both ends. Well be talking to chevron and hess in the next 45 minutes on this deal. The number one question im getting from this is are those toy h
Global security threat. While suggesting they may put north korea back on a path of terror. Nbc Kristin Welker at the white house right now. He is most likely going to be ask about this line against iran as secretary tillerson is saying that iran is complying with this nuclear deal. Theyre not cheating. Thats right the question for the president today, is he going to in fact move to rip up, as he put it, the iran nuclear deal. This is something that he vowed to do as a candidate. It is also somebody he talked about doing as a president. As you know, the United States is not the only country involved in this deal. Its not as simple as just pulling out, and it would raise serious questions about the United States level of commitment to these types of international agreements. Having said that, the talk, as you point out and you were there yesterday for seccer tear tillerson was skwas tough sayin theyre tough in their viewing of iran. The administration argues that b iran is not doing eno