Host welcome to bloomberg daybreak australia. We are counting down to asias major market opens. The top stories this hour. Asia sat for a lower open after wall street fades at the close. The dow jones retreating from the 40,000 level. Host jamie dimon sounding on alarm when it comes to lingering Inflationary Forces telling us the chances for a hard landing are higher than markets thank. Host and a busy friday in china with highlevel talks on the property sector. A third sale of special bonds and april Economic Data that may show a modest improvement. Host we do have south korean jobs crossing the bloomberg. We see the Unemployment Rate for april sticking to two point 8 . The expectations from economists were two point 8 and it is unchanged from the previous month. We were expecting potentially more of a softness. Up to 2. 9 percent. We did see level force participation increasing. But the jobless rate levels around this level are below the postpandemic average of 3. 3 . Bloomberg econo
Reduce what it does through bankruptcy. Greece has declared a national day of mourning after floods killed at least 15 people on wednesday. The flooding came after a severe overnight storm brought driving rain to the greek capital. Roads turned into money rivers muddy rivers that carried away vehicles and tossed them into piles on roadsides. More torrential rain is expected tomorrow. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Stocks slide, equity falls. Tech stocks at record levels. Is there a massive pullback to come . Can blackberry make a comeback with software . We will hear from the ceo in an exclusive interview. Tencents blowout quarter. Sales jump more than 60 in the last quarter. We will discuss the companys secret to continued success in asia and its u. S. Ambitions. First, to our lead. Cauti
Russias most valuable company. Lets look at the european equities trading. 30 minutes away from the end of the session. Up by 2. 4 . Other major european markets falling today on the back of the big Central Bank Decisions in the u. K. , the eurozone, in norway, and switzerland. Today. O down todayy measure announced was its inflation forecast for 2020. 1. 7 . Citizen progress towards the sufficient goal progress towards the delegates goal. Still at a record. 75 . Youreign bond commodities, final three columns. Lots of corporate stories to tell you about. This is the chart going back to december 8. The big news in the last three days. Shares rallying by 45 . Pressing forward with its bid even after the Security Software makers board rejected the 4. 3 billion euro bid. Does that tell us investors are searching for a bigger bid . That casts doubts according to jamalto. Y cited strategic insufficient guarantees a deal would go through in the end. Shares are rising today and have risen in t
We are printing, following higher euro markets as well. You have killer pmi data coming out across the board. Services are stronger in europe. That leads to a selloff in all the major developed markets, and courtonds developed bonds in europe as well. The curve is moderately steeper, and crude, only 4 10 of 1 , but almost 52 a barrel. What does that mean for production . David the saudis do not mind. Alix and at the top of Global Growth is copper, up 1. 3 , at 7,200 a ton, a big move for copper. We will discuss that Global Growth story. David lets find out what is going on outside of the Business World with emma chandra. Scott it has emma it has been a dramatic split between President Trump and one of the former architects of his campaign. He says steve bannon has lost bannond, after insulted his family in his book. Congressional leaders have signaled progress on a budget agreement needed to avert a Government Shutdown this month. There is no deal yet. Among the deals being discussed,
To top headlines. To bealk of a Briefing Held at 10 15 on august 13. I believe that is into their morning as well tomorrow morning. Lets get you caught up on what occurred overnight. Here is julie hyman. Chinas decision is rattling market today. Theks are down around world, and futures in the u. S. Indicate u. S. Stocks will be lower at the open as well. Commodities also declining. Hsbcs senior economic adviser told bloomberg we could see this as a bit of a payback. China is in a difficult position because every other country in the world has devalued against china. Julie emergingmarket stocks have some to their lowest levels since 2011. They are now in a bear market, down 22 since hitting a peak last december. The price of oil is bouncing back from lowes. From lows. It has come back a little bit. A little under 44 per barrel. Prices are down more than 18 this year. Hillary clinton has agreed to turn over the private email server she used while secretary of state. It tos told aides to