Says the first rollout could happen by mid december. The g20 discusses the virus and the potential remedies. Shotspledges to make available to all and President Trump wont say if the u. S. Will join a global effort. Haidi we are setting up for a cautious start to trading. The aussie dollar holding pretty steady. Kiwi stocks are up by half a percent. We are seeing the kiwi dollar trading just flat. U. S. Officials say the first vaccinations could be administered in just three weeks if given the green light for emergency use by the fda. Aboutare still concerns how poorer countries will be given access to any vaccine. The vaccineke Development Team has an aggressive timeline. Be do we expected to achieved and a lot of people are concerned about equitable access. Of movingre a lot parts here. A lot of movement around the world. Drug administration has an advisory meeting that day about the vaccine. Health officials really seem to think that approval could be forthcoming at that meeting or soon after. For. Is something to look basically said there could be a vaccine to be administered. These are the timelines today the dr. Fauci talking about immunization rate by may. Starting to talk about herd immunity again. With operation warp speed we did hear about the head of the giving vaccines to tens of thousands or millions of elderly people in care homes. Place. D a big plan in getting vaccines to less affluent countries that is a big talking point. A larger focus on the astrazeneca vaccine. It is less expensive and more durable in terms of being able to move from around the world. That is when that little Income Countries are getting behind. We are seeing more drugs getting emergency u. S. Clearance. Have seen last week the who say not to use remdesivir for covid. The one thing that we can say so much about covid. A lot of treatments have come up. In general the curve is moving upward. About this very complex disease and how to treat it. Ride iths down the could be prudent. It just shows the complexity we are dealing with. Stopped in its tracks. The world ask about richest country promising to ensure equality in the deployment of the vaccine. President trump declined to join g20 allies in sharing information. Much of g20 was devoted to sharing the vaccine with poor countries. What have we learned . We have learned that they have not just an altruistic motive, help the worlds poorest , i think there is a pragmatic issue, the g20 saying they will spare no effort to ensure affordable and equitable Vaccine Access and also saying that they will spare no effort to ensure looking immunization is to stop the virus as a public good. This makes a lot of sense unless he will completely close your own borders to the rest of the world. You can wipe out every virus case in front of you. Said nothing about granting access to the rest of the world. Putin and russia offering to vaccine evenntrys though they dont have enough of their own. Angela merkel worried about countries like germany being called on to keep this together. She wants to hear more commitment it sounds like to me. Tide when iterall comes to Climate Change, another stark contrast. Indeed. President trump did not only not mention Climate Change but he slammed it. He has taken the u. S. Out of the paris accord. This contrasted to the chinese president saying that g20 should continue to fight. Lets listen to some of his remarks. G20 members should strengthen the fight against im a and continue to play a leading role and continue to play a leading role. President trump said he walked away from the paris accord. The paris accord was not designed to save the environment, it was designed to kill the american economy. Trillions of american dollars sent and that is what would have happened. He has criticized china as one of the world ask about worst polluters not having to pay as much as the United States would have. This is where the president stands. A lot of people figure they will have the u. S. Back into paris accords. A big issue like this together again. Haidi iag sink several brokerages cutting their stocks. It doesnt seem overly compelling. The bank seems wrist with premium multiple. We had iag continuing their placement. Cuttingthe equal weight iag hold. Sinceggest full day loss july 24. We are seeing a broader and modest upside for the overall market volumes. Lets take a look at the first word headlines with Karina Mitchell. Market demands and to create more jobs. Domestic and International Conditions are complicated and grim. He says more effort is needed to met sure targets are with greater emphasis on international cooperation. And to buy more American Products to avoid the imposition of u. S. Sanctions. Robert obrien told hanoi that tackling vietnams undervalued currency could be the basis for reversing u. S. Plans for a new term. That vietnam will want to maintain good relations with china. And prominent activist say they are willing to admit to all charges. Joshua wong wrote that he expects to be jailed immediately. Wong, along with agnes chow and others, are accused of organizing an Unlawful Assembly of the height of antichina protests in hong kong. The former french president Nicolas Sarkozy goes on trial for charges of nepotism. He is expected to answer questions on socalled burner phones with his been lawyer and using judicial connections to influence the outcome of another legal case against him. He is only the second french leader to go on trial in modern times. Global news 24 hours a day by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Shery we will be live from singapore after hopes of the travel bubble are burst by rising virus cases in hong kong. Market, jp morgan global strategist carrie craig joins us weighingwearin vaccine optimism. This is bloomberg. Is bloomberg. Shery asian stocks look to start the week with little changes. Investors concerned about the uneven spread of the virus. Strategist atket the j. P. Morgan asset management. Great to have you with us. You get daytoday positive headlines and new setbacks. What does it mean for the rotation trade and this uncertain period between when we start seeing the benefit to the economy . Time. S going to be some it still seems like a fractured economy. European situation is on the mend. Robust,ks relatively even though there are some cases in hong kong at the moment. As far as the rotation goes, bullishd to be strongly without thinking about a globalized, synchronized economic recovery. We have it in some parts of the world and it will become more synchronized. For now, there are a few hurdles to overcome. That rotation will meet some resistance. I think the rotation will continue as the vaccine does get rolled out. Its those reasons that keep us cautious on the full move into us thinkingand has about a stagnant rotation into the equity market, and how likely those things are to impact things like the Service Industry and tourism and allows those liking economies to catch up. Haidi is this part of the world where really where you find opportunities . There has been a general shift away from the u. S. Being the leader in this. Economies have done the best job in dealing with the corona crisis, largely the asian markets. We are seeing the markets start to catch up more and more. We do see the greatest returns. Well to antinue to do certain extent. As you get that recovery happening more in europe and the those markets see as well. There is sufficient demand to see those economies recover. We expect that to play out. There will be markets throughout asia. Markets like asia, china, korea, taiwan. Shery it helps that you continue to see this downtrend in the u. S. Dollar. Our chart shows our viewers. What does that bode for emerging markets currencies and asia compared to other regions . Weve seen significant strength but how do they prepare relatively to other parts of the world . Sticks out as the largest in there. We do see that economy start to look better. In terms of asian currencies there has been some strength in some markets. Across the board, things have been quite stable. In from bit more coming those trading countries. As we see that recovery into seurism, a lot of the Southeast Asia nations will start to see currencies depreciate. Weve seen banks easing their rates to make sure that we have that stability in these markets levels acrossial the board. When it comes to the outlook, the more that Central Banks are doing to keep rates down, that currency strength will become more rewarded. Is likely asapital the u. S. Dollar weakens and as the growth looks stronger, it will increase those currencies and put upward pressure on them. Most are at a point where there will not be significant strength. It will be more of a focal point when think about fiscal policies. Shery at what point does it become a worry, especially for expert economies like korea and taiwan . Demand,ng as there is that will be the bigger lift. You have to think about the corporate level and the weakness level. The netitll bee benefit will be from the recovery in the markets around the world which will see numbers rise. Come of the strength may through in terms of the currency toward the dollar. As long as there is a Global Recovery going on, fueling those exports, the currency will be offset by that. Haidi i want to bring up this chart. Looking at the stymied travel bubble between hong kong and singapore. We did see that upside reaction terms of cartier and singapore air. Every going to continue to see this every time that there is a new cluster or outbreak . Does that tell you it is too early to start going back to these travel and leisure stocks . Me isn it illustrates to that there is a high between governments without leaving it back in. You will see this play out in australia. That bubble would be very much limited. If youre thinking of planning a holiday or business trip it will eventually weigh in on when you do that. Hilee things show you that w sentiment can be driven by the announcement, it is going to take some time for things to be materially affected, see how these economies start to operate. We do get excited about the distribution of it, but it will be the Tipping Point in terms of what it means for travel companies had tourism and business operators. Shery always great having your thoughts. Market strategist at j. P. Morgan asset management. Blackstone is said to be planning a second fund focused on investment in asia. It could be double the size of the sports one. This is bloomberg. Mberg. Shery the Blackstone Group appears to be doubling down on asia. Plan to raisems 5 billion for the second fund focused on investments in asia. Clearly assigned that blackstone has been betting that there is big interest right now. They are seeking to raise more than double the size of that 2018 found where they raised 2. 3 billion in the prior buyouts. Amounts of capital having a lot to do with dislocations and other side effects of the covid19 pandemic. Out that point blackstone is coming on the heels of many of the big players. Theoins kk off which is in process of raising 4. 5 billion for its next asia fund. And tpb, moran pincus, baron private equity. They have all been raising large amounts of money in recent years. According to people close to the matter, blackstone could increase the size of its latest investment vehicle, depending on the level of demand that they need in the coming months. Is the swifter recovery rate that we are seeing really encouraging this deal flow . There has already been a pickup in the deal flow. That appears to be part of the marketing pitch. On buyout firm is betting continuingut firms thesia as the pace of recovery is faster than the rest of the world, particularly in the u. S. , where cases are rising as fast as 110,000 per day. There is some data that shows the deal flow has been picking up in asia and that it could continue to pick up into 2021 as a lot of transactions that were halted previously come back online. Back to you. Haidi lets get you a quick check on the latest business flash headlines. Firms chinese after a key investor demanded an exit. They are backed by the City Government and others will buy equity worth 4. 5 billion that hold Property Assets in china. Every grand is looking to list its Property Management in hong kong to pay down debt. The Wealth Management and Retail Lending services completed before new chinese regulations. Against chinese companies. Joining retailer the rush of Consumer Tech companies. The san franciscobased Parent Company j. P. Morgan and bank of america are leading the offering whic was initially filed in august. This is the first time investors have been able to check out the paperwork. We will look at the asia ecoweek ahead. This is bloomberg. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Any idea how much it will cost . You have a choice. Insurance or goodrx. I have insurance. Insurance is not what it used to be. People struggle to get their prescription covered and prices keep rising. I recommend goodrx. You get free coupons to save on your prescriptions. [narrator] compare prices to get the best discounts. Goodrx, smart. [narrator] stop paying too much for your prescriptions. Download the free app today. Karina this is daybreak asia and im Karina Mitchell. Mobile Coronavirus Infections are approaching 60 million with the u. S. Reporting 100,000 new cases each day since october. The drugmaker regeneron as governments are weighing easing restrictions for the holiday season. The australian state hardest hit by the Coronavirus Infections is ready to ease restrictions after no new cases for three consecutives days. Announced the opening of borders two weeks after lifting the streak strict lockdown. Chinese leader xi jinping address the virtual g20 telling leaders he is ready to work in cooperation with other leaders with Virus Research and a vaccine and to make any potential treatment affordable and accessible. Supportlined chinas for the World Health Organization and its efforts to coordinate resources at a Fair Distribution of medicine. To is urging members not lose sight of Climate Change goals hoping that a new administration in washington will rejoin the group. China says the g20 should raise its game encouraging saudi arabia to go carbon neutral. President trump uses virtual address to criticize the paris deal saying that his decision to pull america out was to protect workers. Than 2700 more journalists and analysts in more than 120 countries. Im Karina Mitchell and this is bloomberg. Shery . As a quick check and how markets are training at the moment. We are seeing the asx 200 futures up 0. 4 while other stocks are gaining ground. The qe currency was the biggest in an imam in and among g10 currencies. We are getting a boost from those Commodity Prices rising not to mention the firming of the chinese u. N. U. S. Futures Holding Steady at the moment as we head toward a holiday shortened week. We saw u. S. Stocks slipping on friday, Holding Steady but past that 104 level. We have seen the strengthening all of last week. Counting down to new economic singapore Third Quarter gdp in the next hour. More Global Policy makers warn the recovery may be fading. Joining us now is the scotia bank head of economics. Morning of af fading recovery. Let me get started with a broad picture. There were such high hopes for the g20. They paid such a key role. What are they doing now given that we have this Global Health crisis . There are such massive Downside Risks to the Global Outlook in the asiapacific outlook. The covid19 pandemic is not under control yet, and even though we have seen a robust recovery, we are seeing increasing signs of renewed softness, and this is something that needs to be taken seriously , and for the Global Economy to get back onto its feet, we need to see confidence recovering, and that doesnt happen until the viruses under control. A lot of uncertainty. Shery what is that mean for policymakers and countries like the bank of korea . They had said they would hold steady enter at a record low headed into the meeting. What are your expectations . I think that korea will stay on hold for now, allowing fiscal stimulus to work on the economy and leaders will want to see how strong and sustainable the economic recovery is him a but my conviction is softening. Seen some banks in australia and and in asia, adding further monetary stimulus. Simply because they consider this is the fragile point of the recovery than additional is needed. Haidi this shouldnt be much of a surprise. Is it more meaningful to take a look at the breadth of the recovery that you are seeing in china . Absolutely. The chinese recovery is coming along. Has first reflected been quite strong in recent weeks i think it will continue. We have seen a slight softening. ,ooking at the Bigger Picture the industrial sector has been the dr