i'm haidi lun. this is daybreak australia. we are one hour out from the open of asia's major markets. it is 5 p.m. in new york. i'm betty liu. it was a holiday today on wall street commemorating martin luther king it is 5 p.m. in new. jr. so there were no equity bond trading at all. the dollar continues to trade in the foreign exchangethe dollar n the foreign exchange market. that is really what has dominated the trade today. we saw the dollar continue that slide coming off a five week decline. talking to some analysts, not so much dollar weakness but it is more strength of its counterparts, right, as central banks are pulling back on stimulus all around the world. we are seeing a rise in many of these currencies. haidi: absolutely. case in point, the extended gains we are seeing in the euro. as you say with the u.s. markets closed, it was the weaker european close we saw that will lead things off in asia. tepide seen more of a session setting up in asia. new zealand is trading underway. as you said, the kiwi dollar at 73, cents one of the biggest winners. new zealand is trading underway. the bloomberg dollar index approaching its lower-level in three years with the euro extending gains for its strongest. we had thatthe bloomberg dollarx approaching its lower-level in three years with the euro extending gains for its strongest. we had that bout of yen strength playing into the weaker greenback story. sydney futures looking pretty flat. 65 is where it is trading. the unwinding of the shorts against dollars, a major scene. gold has been rallying strong. the soft dollar story. gold seeing a four-month high. copper in the most for two months. new york pro just below $65 a barrel as opec suggests these kurds should continue. iron ore, unchanged. a little bit of a move as we get the production reports out later this week. let's get you caught up today with the first word news. rosalind chin with the headlines in hong kong.r escalatinghina his its crackdown in cryptocurrency trading, online online platforms -- targeting online platforms. they banned cryptocurrency exchanges last year but recently noticed an uptick in alternative venues. it enabled centralize trading. in more than yuan two years has prompted speculation to curb its gain. the currency reached its strongest level against the dollar since december 2015. september,lied in policy members made it easier to bet against the currency. .64 could see it go in. a weakening dollar as the ecb governor says the central bank should hold its net asset person just until after september. ecb should adjust its policy guidance before the summer. going to zero is not a big deal anymore. investigators are still trying a collapset why a happened on saturday. a group of students was on the balcony when it came down. they found no trace of explosives. trading has not been affected. indonesia's stock market restarted after the usual lunch break. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thank you for that. with strong commodity prices, we will have the mining sector in focus at the open of the city session today. the full year production numbers a little while ago from rio tinto. the>> the short answer is yes. no huge increases on production by rio. expecting had been 88.7 million tons so not a great deal of difference. 330.1 million was the guidance which is not a change. tons being forecasted by rio. they are sticking to the pledge, the support prices rather than boost supply. we have seen those prices hanging pretty strong despite stockpiles hitting a record in china. don't expect to see any huge increases in volumes. we will get more on that when bhp reports on thursday. just talk about rio's other products, iron or is there major one but copper is becoming a major one for the company. thousanduarter, 148.6 tons. the outlook for 2018, 410 to 610 ,000 thousand tons. betty: we have seen strong rices -- price for iron ore and copper. coal could have a boost as well? paul: that is right. weather.ll about the it is cyclone season in the northern part of us really a. australia. we have not has had a serious one yet but the season runs until april when there are three potential cyclones forming off the coast. back to april 2017, you see the picture of cyclone debbie hitting the coast of greenland. what happens with meteorology goal coal prices was profound it doubled. you can see the big spike on the one-year chart. currently the price is at $254 a ton. it is creeping up and consultant with mckinsey say a similar event to last micro could see prices double again. miners have upgraded their pumps and walls around the mines by the big uncontrolled risk is what happens to the rail lines. if you cannot get to the port, the price will go up regardless. that is something to keep an eye on in the next few months. betty: thank you so much. paul allen in sydney. still ahead, the strongest yuan in more than two years sparking speculation on possible pulling steps by the pboc. we will look at the chinese currencies rise later this hour. haidi: plus, trump bemons sticking points in the immigration debate that could see a government shutdown this week. we are live instill ahead, the . this is bloomberg. ♪ betty: we are counting down to the sydney open where futures are looking just a little bit flat. not a lot of direction. there is really no direction from what happened here in the u.s. markets. we did see asian markets rally overnight. i'm betty liu in new york. haidi: i'm haidi lun in sydney. you are watching daybreak australia. president trump says all the sticking points preventing an immigration dealer on the side.at tensions growing about a possible u.s. government shutdown by the in of the week. bloomberg or correctional -- congressional reporter laura is with us. how likely is this going to government funding drying up by the end of the week but is there a chance that this commentary by the president is part of the gamesmanship to getting a deal done? laura: things have definitely increased in intensity over the weekend. we have had a very pivotal and surprising meeting at the white house thursday where a bipartisan group of senators hope to be presenting a deal to get some deportation projections for young undocumented immigrants, that they were hoping the president was going to accept this. they put it in the spending deal to help create an en bloc double movement to get this shove through congress. what ended up happening was this meeting devolved, where he rejected the compromise. lawmakers were surprised by his language, bulger language -- vulgar language about immigrants. as far as question there will be a shutdown, the one thing that i noticed is my department would want one. with auld agree short-term extension and continue this fight. there is some likelihood of that because not only do republicans not want to shut down because they control both chambers but a democrats on the ballot from trump won states that don't necessarily want to have this big battle right now. democrats on the ballot from trump ishaidi: it the prest himself on all of this? laura: most definitely. i have covered congress going back to the end of the clinton administration. in the past, you have the president of the ruling party usually on the same strong sheet with the leaders of his party in congress. that has happened in the health s blown some-- he' things up in ways that surprised everybody. last monday and tuesday, he was talking in the white house meeting about agreeing to whatever they can agree on and they just bring him something. outlined for areas of principal and talked about doing tougher things long-term. thursday, things were completely different. betty: i'm curious given so much rumblings here and such a distraction, really. some of these comments from trump -- i wonder if this presents an opportunity for other republican leaders to step in here, i am thinking people like kevin mccarthy. laura: we have had a very unusual configuration where late last week the number two leaders stepped in to create a second team of negotiators. the bipartisan senators who met for four or five months on a deal and all of a sudden we have a bipartisan group of number two leaders, the whip in the house and the senate, which does include dick durbin who was part of the negotiating team on the senate proposal. the democrats are very wary of this. we have not seen a situation where number two leaders have been brought in. it is usually the actual leaders. the democrats are looking at this wondering is this really just a stalling tactic to move this beyond next friday. they would like to see a deal to prevent a shutdown. betty: thank you so much, laura litman, bloomberg congressional reporter in washington. let's talk more about this. is jonathany skype bernstein, a former professor of political science with the university of texas at san antonio. jonathan, let's tackle this spending bill. what is the most out of the isoutcome, do you think at this point? are we going to see a government shutdown? jonathan: the most likely thing is they kick the can down the road another two weeks or something like that. as long as nobody wants a shutdown, it is unlikely it will happen. haidi: very unlikely, but what is the collateral damage here? jonathan: the damage is there are sorts of things that they need to get done and they are not getting done. they want to get this deal because they have to deal with the dreamers, the health insurance for children, and they need to actually fund the government. they want to get this deal we are talking about government funding bills that were due at the end of september -- we are in january now -- extending and extending. at some point, they need to make a decision. betty: kicking the can down the have been here before with the threat of the government shutdown -- what do you think they will lik to?tually get what is it going to look like? jonathan a: probably another extension. government funding stays at the same levels which means new problems don't get dealt with. we just keep the same funding levels from last year for another two weeks, four weeks. it doesn't seem like they are all of that far apart on some of these issues, but right now it republicansp -- the in the white house or not even close to being on the same page. that is very -- haidi: i know the president's approval rating over the last year have not been great. see inh damage do you things like the reporting over the weekend, his use of language, derogatory remarks to refer to some of these nations -- at what point does that way down -- weigh down because it feels like there is almost this is a new normal. this is just happening all the time. do you think it is going to wear on him in a substantial way? jonathan: it is tough to tell. his approval ratings are down. it does not appear they are going to spike down further. since the weekend, it has not seemed like he has taken a huge hit. porn starsto keep or quie. he's gone throught. -- quiet. he's gone through a lot in the past week. poor approval ratings for the president -- when members of congress don't think he is popular, they don't give him the benefit of the doubt. they are less likely to do what he wants. at this point, the best bet for congress seems to be make a deal on their own and dare him to be veot itto it. i don't think he will. haidi: what is the best case scenario that needs to happen to prevent a shutdown? it feels like every few months we go through the same scenario where it is just kicking the can down the road. jonathan: abe have to do -- it takes one piece of paper to say -- cross out the deadline of when last year's funding runs out and put in a new date. it can be anything. 12 hours later, it can be 12 lisa leiter. -- weeks later. --long as no one in congress they have a majority in the house and 60 votes in the senate -- there is no reason to expect there is going to be a problem. as we get later into january and february, democrats are under a lot of pressure from the constituencies to do something about the dreamers because every day that becomes more and more crisis. haidi: obviously, this is a big domestic issue that is engulfing domestic issue that is engulfing headlines and the agenda this week that i am wondering how the optics of his international dealings are playing out in terms of the roles roles with te negotiation between the two koreas, trade tensions in china -- does that get a lot of traction domestically? jonathan: we're in an election year now so everything is seeing through that domestically. it is obviously not a good thing for the united states to have the president acting like a bigot publicly. it is not a good thing for the president to be insulting other countries. there is no upside to the united states for this. it is also not a good thing with the president to because the late flipping positions -- constantly flipping positions. maybe he is softening on that. it is not a president right now strongs a whole lot of negotiating positions, whether it is with congress strong negotiating positions, whether it is with congress or foreign nations. betty: just really quickly, a d ay ago, ubs came out with a report on trump and its economic policies saying they give him a thumbs up for his economic policies, saying he is making the country friendlier with investors with tax reform and policies. do you think despite all this noise we are hearing, the things he says in private meetings or daca, which not to underplay those, but do you think he's going to survive much of that because the economy is doing well, because he has this goldilocks scenario in the u.s.? jonathan: certainly, a good economy helps the incumbent party, it helps the president. we also know the president's approval numbers are terrible. worst of any first-term president at this point in his presidency, that is despite the good economic news. if economic news continues to get better, that will tend to help him. at the same time, reports on payoffs to porn stars -- it is hard to see how that helps him. hasar, all of the noise overpowered the economic news. if the economic news stays good down, the noise slows maybe he starts improving. it is hard to tell. betty: jonathan bernstein, our bloomberg business columnist in san antonio. thankin you. for breaking news -- bloomberg and twitter have launched tick-tock by bloomberg. the first global news network design for social media offering live coverage and hourly top news reports verified by bloomberg. jump on twitter and follow tick-tock right now. this is bloomberg. ♪ good morning. i am betty lou in new york. haidi: i am haidi lun in sydney. australia's hoping to convince other nations to sign on into his asia regions funds passport, allowing fund market is to be in regional countries. the good morning. minister told us the regime is essential to growing the nation's financial services exports. >> one of the reasons why i am hearing hong kong is the asian financial forum is to talk about the asian regions fund passport which is a new international passport that we have implemented this year. the number up or dissipating economies of that will allow fund managers to fill their products into other participating economies where both consumers can enter. there is mutual benefit all around. it is a duplication when it comes to regulation. it is one of the reasons why australia is focused on making sure we can have ait is a duplit comes to regulation. new enableent vehicle to people to make that investment that is well understood and can be passported. >> how optimistic are you because we know australia and its exports from mining to dining but financial services have been on the back burner, underperforming. >> we know there is a long way to go. we know there is even more that we can do. hong kong being such an important part of the financial services sector, so critical to the economy, is obviously a city we hope to encourage to participate in the new asia regions funds passport. i have been having great discussions here in hong kong. we have a number of countries that have signed up. of course, we have thailand, japan, new zealand, korea. we are hoping of course to get even more countries in the region to be involved. australia is very good at fund management. we have more than $3 trillion of fund management. >> why would they put money there -- playing devils advocate -- opposed to hong kong or the united states? >> we do it incredibly well. we want opportunities for our fund managers to be able to the with the best in the world. people can come into australia and sell a product into australia. there are definite benefits to participating economies involved. >> what is the next regulatory push that is feasible, in addition make separate but lowering the corporate tax rate as well to attract business? >> we have a really strong plan to ensure that we can cut the corporate tax rate in australia. right now, we involved. >> what is the next regulatory have a 10 year tax plan down to 25%. we have been able to legislate to companies that turn over under $50 million down to $27.5 million. we have some challenges domestically in getting that through but when you see the reduction in the corporate tax rate across the globe, in order for australia to remain internationally competitive, it is fundamental to achieve these changes. betty: that was australian revenue kelly o dwyer speaking to stephen engle atbetty: the an financial forum in hong kong. we will be back later today. to the european security and markets authority chairman stephen mazor, 9:10 a.m. hong kong time. institute oftional research president will be joining us to discuss the outlook in china for 2018. staying on china, china stepping up its crackdown on cryptocurrency. we will look at what trades are in regulatorswe will look at whe in regulators sights next. this is bloomberg. ♪ loomberg. ♪ ♪ indi: it is 9:30 a.m. here sydney. futures are pretty tepid in the markets right now, not much of anything going on. features in sydney in going down by one point. we are looking for cues from the obviously, the martin luther king jr. holiday today. betty: i am betty liu in new york, it is 5:30 p.m.. here's first word news with rosalind chin. rosalind chin: two of its commercial planes have been intercepted. the emirates flight from dubai to the capital was one of the flight flagged by qatar. on monday, and an sound qatari royals said he was being held against his will in the uae, another claim which was a night[ a u.k. company has collapsed under a $2.2 billion debt created a new headache for prime minister theresa may. the company had fronted 50 government contracts from makingning best to school lunches. it's contracts soured forcing three profit warnings and six months. the eu looks to renew south korea -- remove south korea and countries on to the great list. along with barbados, granada, macau, mongolia and others. the recommendation will be approved at a meeting next week. the president of the u.s. aluminium association says that there will be a focus on whether imports of the metal threaten national security. a report is expected to be developed this month to president trump. bank of america merrill lynch says that trumps rhetoric has helped to push a bull market in china. bloomberg news, 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thank you for that, roz. going to new zealand now, trading under way. one of the biggest winners against the softer greenback overnight alongside the aussie dollar, which is trading at about $.79. we have the biggest increase on --itions since the office since august, 2015. we have the kiwi trading at 01914. we are also seeing the dollar out, theplaying dollar-yen advancing. the sterling pound is also jump in 1.379 three, a gain of a half a percent, strongest students june, 2016. the u.s. 10 year yield is unchanged. in the friday session, we had u.s. stocks closing and going at record highs. let us get more on the reaction to the east the governor's comment on tapering. adam haigh is here with us. we saw further strength in the year in the equity session. what do these comments do in terms of changing the narrative? guest: in a sense, this was not a change in position for him, but a reiteration of what he believes that may be going into the summer, there may need to be a tweak done in the language used for guidance. we are ready know that the ecb is pulling back from its buying of bonds of this year. the have really rained back -- you have really rained about back. if we look at this chart, we are still getting those in markets where central bankers come out and give us these comments. we saw a pretty pronounced move overnight when this happened. this comes on the back of the pullback by the bank of japan. we had elon -- elongated bonds last week, and the yen has also been strengthening ever since. markets are taking that as a signal of what will be key this year. central banks in -- in japan are also coming back from those ultra-loose monetary policy settings as well. it was an interesting development overnight from the ecb, and we will have to see that your strength continue. another reason the euro has been strengthening is because of the better economic numbers, which continues to be the case in the eurozone. people are remaining very bullish on the euro. betty: at him, the yuan is also resurfacing. abouting people to think something might be happening. something might be happening. adam: and the monday's session, we got up to 6.4138 to the dollar, for the yuan, and we have seen that incremental move higher in the chinese currency. if you dive into the bloomberg terminal and look at this chart, 6650, it gives us the sense of how much we have moved. getting towards that he 6.5 level that in previous instances, certainly back in september of last year, was a signal that we had reached a level that the authorities are getting an easy with. they want week's around the pressure they wanted to move back -- to move the currency back. it allows money to flow out of the country, they can two-week policy settings -- they can twea k policy settings, to take the heat out of the market. it is just one of many countries were grappling with this. we have seen this in south korea this year, and some other emerging markets, where the effect of this long, pronounced and increasingly week greenback is affecting many emerging-market currencies. when trading gets underway for the yuan today, we will be watching how that affects it. analysts are unsure as to how policy will develop as we approach the 6.5 level. betty: yes, certainly getting to a level which many say is on tolerable. then give her much, bloomberg markets editor adam haigh. we are still watching currency markets, that adam was just talking about, in particular, the decline of the greenback, falling for the fourth day in a row. we are also seeing continued pressure on what else, the crib the currency. or triple currencies. we have sue here with more. let us talk about the dollar decline we are seeing. >> it has certainly picked up wins. bloomberg is bumping forecast for the euro area, strengthening the euro and putting more pressure on the dollar. even though it was a closed u.s. market for the holiday, the dollar really dominated. if we look at the chart, you can see that the number of dollar index is nearing a three-year low. this has to do with the euro extending its gains. also a lot to do with the fact that there is focus on the synchronized growth in the euro area. it is really hurting the dollar as you can be. the u.s.-bloomberg poll of ofnomists shows that a lot them have bumped up the forecast 2.2%,ro area growth up to which is certainly exceeded weather forecast was last year. again, the dollar in five weeks of decline and it will continue to be the focus as we enter the trading week. despite the hawkish view of the central banks throughout the world, but the glowing growth of the dollar seems to be left behind, when against its group peers.ears -- haidi: we have been talking about those in asia, now we have learned that china is also clampdown.its what is the latest that we have. betty: bloomberg has heard from people close to the matter that china's -- that china is trying to crack down on this. on these cryptocurrencies. korea -- south korea was also considering some scrutiny, which might have a big impact on the week ahead. if we look at this chart, # 21928, coming off the volatile december and into january, if you look at what is going on at bitcoin, down from where it was in december. the focus is the government's clamping down. this has been coinciding with an uptick in a lot of platform activity. regulators around the world ours tapping up their scrutiny, regarding concerns about excessive speculation. china was once considered the most active markets for bitcoin trading but authorities there have and after currencies. as also be an uptick in alternative venues, which appears to be the concern. accesss trying to block to domestic and homegrown alternative venues. and in the u.s., the sec is holding any kind of vehicles while there is some review. the treasury secretary said he has even spoken to the fed about this, and there was certainly a lot of caution\ this is something that i have spoken to the fed about. cryptocurrency is like bitcoin. eurosectively, incentive and dollars, you have some currency. there are central banks who are thinking of, instead of issuing physical cash, issuing a digital currency. so the fed has contemplated and looked at that and i do not think they have any intention of doing this in the near term. sue: adam, when we look at what has been going on with the cod futures here in the u.s., there has been tighter trading. that certainly again is putting a lot of focus on these cryptocurrency trades in the week ahead. coming off first the korean news, and now the news about a similar crackdown in china. lot moretting a volatility into what had already been a volatile market. back to you. haidi: thank you very much sue, for that. are going to take a look at the outlook for commodities next . this is bloomberg. ♪ ♪ haidi: i am haidi loan here in sydney area betty: and i am bettyloan -- and i am lou's here in new york. copper is now up the most in two months. it hit a decade high and analysts accept -- expect the rally to keep going. our own remy inocencio has the bloomberg charts on what we need to know on commodities. ramy: the theme right now is the dollar. we will be talking about that a little bit more with this chart here, the white line is the bloomberg dollar spot index. of 2017, it is actually down 11% and in the past month, the dollar spot has fallen about 3%, on the see in four days of risers end rest of them have all been down. that has had an effect on that number of commodity index, here in the color blue. -- it has risen the most every single day, just down three days the entire time. the dollar is at a three-year low, as was mentioned before, but with that said, the yuan is actually at a two-year high. also of course helps china, because it is the world's top metals consumer. it gives it more purchasing power, since it is not using dollars to buy these things. if we going to the import movers that we are seeing right now, the first one is copper. g #btv 2935. the white line you are seeing is the price of copper, and as you can see, the last time it was this high was 2014. three to four years ago. as you can see, in terms of stockpiles, those have been a petering out and going downwards. copper price moving higher there. one of our bloomberg analysts forecast a rise in the prices of copper for 2018. over two china's iron or stockpiles, g #btv 7799. the stockpiles are in white, which means that they are rising. you would think that the price would fall, but it is not, there are still rising due to china's push for its environmental curbs right there. miners, inds, and this chart here, you can see that dividend yields have been upgraded. it is great for the company's bottom line and for investors as well. let people talking commodities, higher -- haidi. haidi: winky very much for that. with us islet people talking co, a commodities strategist and our bloomberg commodities reporter joining us from melbourne. come to the conversation. daniel, let me start with you. the combination of a softer dollar and fallen inventory, and this synchronized mobile story so far -- global story, what could possibly go wrong here. -- y: guest: there has been expectations continuing to be ratcheted up. --last year was obviously quite exceptional in terms of chinese economic growth, everyone i there.f missed it certainly now, the rest of the globe is catching up, and the raising of expectations of the global growth is really adding to the sentiment that the commodity markets will do well. this question is to david stronger, you have miners with a andmore cash these days, without that supply coming into the market, it is a bonanza right now. what might we expect from these companies? might we see more mergers and acquisitions? what kind of action would we see with all of this cash piled up? guest: that is exactly the question that investors are posing. it is causing them a little bit of concern. those higher metals prices are really fostering -- free cash flow. on hand,plenty of cash and they are word that there might the return to them in a riyadh the biggest mining companies have had some disastrous track records with failed mergers and acquisitions, so they are cautioning against that. what they want is the cash ended actor them and that is what investors want to see -- handed back to them. question, the outlook on iron ore. we have heard this gospel of restraint picked -- preached by some producers. shipments this year may rise about 3%, with that kind of restraint on the supply side, are we likely to see prices supported? could iron or potentially out perform those expectations of a decline this year? so.t: i think it has certainly been a fairly high degree of constraint by producers, certainly when we are the biggerabout projects, and even some of the smaller ones. smaller ones. they have clearly pushed the envelope not too hard. taking time to go back to operations, doing extended maintenance, considering they are running the operations very hard. there were certainly a different feel about this cycle. knowing back to your point about these companies swimming in cash, they seem to be reluctant to throw a backing to a building, or expanding operations. i think we're going to see a lot more -- a lot lower level of growth and supply as opposed to the previous ones. haidi: daniel, there was talk of the outlook on prices. if you can just look at this 6322, profits have started to come down. bullish bets down i think for the first time in a month. do you think there could be another strong yield in terms of the supply side? guest: it is a good question. i think demand in 2017 was better than expected, but this cycle, because are not expecting global growth to be particularly strong, it will be more of a supply side story. copper is certainly one which does not initially sound or represent itself is having major issues, but there is a lot moving in the background. american supply is very fragile, outside of a couple of projects in peru, we have not really seen a major operation, mine. year -- come online. i think this year will be about supply-side issues, one in which understand itr -- in the global market. betty: do you think there could be bigger price swings in the commodities market? guest: interestingly, volatility in general has been a little lower than normal, across a lot of global markets. moves seem to be a lot more extended, going on for longer period's of time. i think it is certainly a case of where we could see copper going up. we are already seeing that we need some extra impetus to extend the rally. there is going to be points went the market gets ahead of itself, but i do not expect to see massive price spikes. haidi: daniel, thank you very much. day, and had its europe is definitely enjoying its day here. daniel hynes and commodities strategist and our bloomberg news reporter, david stronger with us in melbourne -- david stringer here in melbourne. you can download the bloomberg are on more of this information. this is bloomberg. ♪ ♪ betty: good morning, i am betty liu and the new york. haidi: and i am haidi lun in sydney. you are watching daybreak australia. yvonne and betty are up next with daybreak asia. yvonne, what is coming up in the next two hours. yvonne: one year after president trump, were are we now? we will talk about that with the georgetown university professor of public policy. the looming government shirt -- shutdown on friday is that stake. plenty of risk given the fact tied toa has now been approving this spending bill. there was an interesting take to immigration out of this, this is a president who wants to fund his order wall and is willing to shutdown justment to get it. so is this shutdown something that he needs to prove to his base that he is a tough negotiator? we will talk about all that and the possible fallout with him in the next hour. betty: lots of challenges ahead. the challenges of the rising chinese current he to chinese officials. we will talk about that as well. the 6.4t believes that for the chinese run against the dollar could make the government act if it goes higher than that. it is incredible to see the strength, haidi, of this currency, based in part due to some incredible dollar weakness. haidi: yes, absolutely a conundrum as to what the pboc might do next on this. element ofpolitical course, and we will be joined by a guest from hong kong talking about the rejection of the u.s. money gram financial bid. the big question is about how the chinese payment technology goes international. she thinks that it could be a long way. this is it for daybreak australia, this is bloomberg. ♪ ♪ yvonne: 7:00 a.m., here in hong kong. live from bloomberg headquarters, i am yvonne man, welcome to daybreak asia. markets are set to take a breather after the u.s. holiday and the dollar sinks for a fourth straight session, helping the aussie and the kiwi. of onlinetarget platforms and mobile apps. i am betty liu here in hong kong in it it is just after 6 p.m. on this monday evening. the iron or shipments hit a record with automation helping boost productivity. plus the