But short on spending. And we have the world covered on daybreak asia and we will go to solvi seoul. It is budget day in australia, just hours away from the revelation of details. We are going to head to sydney for the latest. This is bloomberg daybreak asia, coming to you. Im betty liu in new york, where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems like politics are going to be dominating the market. Not the typical d. C. News flow to get out of the Trump Administration, but south korea voters, 52 million of them heading to the polls today, and budget day down under. Betty as we have noted, it looks like korean stocks seem to have priced in the volatility in those elections. They are just going higher. Markets are actually quite attractive in south korea. Topics is going to be the aaa rating, and what the budget details on whether that rating is in fact going to be jeopardized, or is all that talk just much ado about nothing . Meanwhile, stocks in t
And finally, 1 00 p. M. Time, the u. S. Treasury is set to auction 24 billion in three year notes. Jonathan thank you very much, david. And an uncomfortable market. The s p 500 finished yesterdays session unchanged on a record close. Joining us from hong kong is sean darby. And of course, allen russ kin of fx research. Much has been made on the vix and the s p s. Give us your thoughts and your initial takeaway. Weve got a period where real bond yields have been turning negative in most of the developing markets. Thats been accompanied by a fall in the dollar and the background got a resurgencing global trade. So its a pretty Perfect World for the economy and for equity markets. I suspect why weve had such a low reeding on volatility measures over the last couple of weeks. Jonathan whats interesting about this is people often come out and say this is a sign of complacency but realize its also very low. So isnt this just a case of the market being right . I think the markets have actuall
With president xi jinping. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. From washington, i am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, Softbanks Vision Fund nears completion. After closing the fund in saudi arabia, what his childhood dream means for Silicon Valley and the u. S. Tax landscape. Ford kickstart its focus on ridesharing and selfdriving with a surprise shakeup. What the new c. E. O. Brings to the table. The markets most valuable player is on track to become the worlds first 1 trillion company according to one analyst. We will catch up with him ahead. Softbank formally announces the first round for the longawaited Tech Investment Fund with more than 93 billion in the coffers. That includes the saudi public Investment Fund as well as apple and sharp. The vision fund is expected to top 100 billion in six months. It will focus on
What does the president hope to accomplish and what is within the realm of reason . Aside from creating decent headlines for people that want to see him, that is important by itself, lets remember the biggest success trump has had in his presidency has been the meeting was xi jinping. He would not expect Foreign Policy to be a big deal. But at the end of dead day the day, expectations were low. He said we got along famously and will work together. We will see how long that lasts. The first trip is making, he is going to saudi arabia and israel, the two leaders of to seen allies happiest someone after obama. They will treat him very well and do their best to focus on issues at hand useful to them in a bilateral relationship, whether it is about better Security Cooperation or major arms deals or showing we are good partners and allies. They will help to make trump look more president ial. I think if trump can come away wholeot just that but the nine days looking like he is engaging in Fo
Debt, offeringedebt to buy that billions. Anchor plosser continue to watch president trumps first overseas tour. We will look at how his domestic agendas tracking while he is away overseas. This is daybreak asia, coming to you live. I am betty liu in new york, where it is just after 7 00 p. M. Anchor it is just after 7 00 a. M. In hong kong. I am yvonne man. Yvonne we were expecting a risk on feeling, but it seems to be shattered just a bit as we get more development out of Greater Manchester of fatalities at the Manchester Arena just a couple of minutes ago after reported explosions. A fluid situation, but we see the moves on dollaryen here this morning. Betty that is right. Dollaryen. Come into my terminal on the many futures on the s p mini futures on the s p. When the news broke, Greater Manchester police tweeting that there were a number of fatalities. A number of fatalities and injuries. About whereonfirmed the bush and from, what was involved, but they are confirmed right now. F