Welcome to daybreak australia. Markets have just come online. We are counting down to asias Major Trading opens. The top stories this hour. Asia set for a weaker open after another hot u. S. Inflation report reinforces bets the fed will not be rushing to cut rates. Oil hitting a high. Energy markets kicking off a cyclical upswing. We hear exclusively from the u. S. Ambassador to china Nicholas Burns about the bill to ban tiktok and curbing beijings access to hightech chips. The Peoples Liberation army will take advantage of that technology to strengthen itself at the expense of the american military. We are not going to do that. We are not going to compromise on National Security and we are not going to negotiate. Lets get to the friday fray as markets come online. Looking like a mixed picture as we head into the final trading session of the week. A bit of weakness, quite apparent when it comes to the start of trading in sydney. The staggered start, a quarter of 1 lower in the first fe