Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific. Asian equities declined as investors cut exposure to technology shares ahead of earnings this week that will test confidence in the artificial intelligence trade. The MSCI Asia Pacific equities gauge slipped 0.5%, with South Korean chip bellwethers SK Hynix Inc. and Samsung Electronics Co. contributing most to the decline. The losses followed a selloff in semiconductor giants on Wall Street that dragged the Nasdaq 100 Index down nearly 1% on Monday, while Nvidia Corp. posted its longest losing streak since 2022. We speak to Mark Cudmore, Global Leader of the Markets Live Team at Bloomberg News. Plus - Leapmotor posted reported a strong first half profit due to surging sales but the company's net income missed analyst estimates. Bloomberg's Yvonne Man and David Ingles spoke to Co-President Michael Wu. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks edged lower, with the artificial intelligence trade in focus during a week set to be shaped by earnings from chip bellwether Nvidia Corp. and the Federal Reserve's annual gathering. Bloomberg's Paul Allen and Haidi Stroud-Watts speak to Pepperstone Research Strategist Dilin Wu. And - China said it continues to support a diplomatic end to the US-Iran war, in a delayed statement released shortly before the US is set to unveil measures to punish Tehran's economic partners. Bloomberg's Haidi Stroud-Watts and Paul Allen spoke to Christopher Smart, Managing Partner at Arbroath Group.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia. In the UK – a look ahead to a key meeting of French business leaders as they count down to a pivotal Presidential election. In Asia – a look ahead to Tokyo inflation See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian bonds declined and the dollar remained under pressure after a rally in Treasuries faded, with investors betting that US efforts to contain long-term borrowing costs through buybacks may offer only a temporary reprieve. We speak to David Finnerty, Bloomberg's FX and Rates Strategist. And - Alibaba Group Holding Ltd.'s profit plunged more than 75% after the company increased quarterly capital spending to almost $10 billion to safeguard its position in the global AI arena. Even so, Alibaba shares rose after the the company reported accelerating cloud revenue growth and better margins that offset fears over its AI spending. Bloomberg TV host Haidi Stroud-Watts and Paul Allen spoke to Arete Research Senior Research Analyst Shawn Yang.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian bonds and stocks gained as US plans to buy back longer-dated Treasuries to curb borrowing costs buoyed sentiment. The dollar steadied after sliding to a three-month low. We speak to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. And - Initial public offering pipeline remains strong with close to 10 international companies from regions in Asia and the Middle East. That is according to Bonnie Chan, Hong Kong Exchanges & Clearing Executive Director and CEO. She spoke to Bloomberg's Minmin Low. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks dropped as a semiconductor selloff deepened, with investors retreating from one of the year's hottest trades amid elevated bond yields and geopolitical uncertainty. MSCI's Asia Pacific equities benchmark slid 2%, with South Korean shares dropping 5.5%. Chip bellwethers Samsung Electronics Co. and SK Hynix Inc. both declined over 7%, tracking a semiconductor selloff on Wall Street. Kioxia Holdings Corp. plunged 9% in Tokyo. We speak to Bloomberg Asia Equities Reporter, Winnie Hsu. And - Pony AI Inc.'s robotaxi sales reached a quarterly high, now accounting for a third of total revenue, with overseas momentum continuing to accelerate. Overall sales in the second-quarter climbed 69% to $36.2 million, while robotaxi revenue surged to $12.1 million from $1.5 million, according to a Tuesday filing. The net loss grew to $59.8 million from $53.1 million a year earlier. Bloomberg's Yvonne Man and David Ingles speaks to Chief Executive Officer James Peng.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian bonds followed Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken. Treasury 30-year yields rose to 5.32%, a level last seen in June 2007. Oil prices advanced as prospects for peace in the Middle East dimmed, reviving concern that prolonged geopolitical tensions will threaten supplies and keep energy costs elevated. Global benchmark Brent rose 0.3% to $91.10 a barrel after President Donald Trump said he wasn't interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon. Bloomberg's Executive Editor for Asia Markets Paul Dobson breaks down the markets. Plus - in earnings news, BHP Group's full-year profit rose by almost a third, thanks to improved copper and iron ore prices that helped the world's largest miner beat forecasts, just as new boss Brandon Craig takes the helm. Craig, who started as chief executive officer in July, is focused on delivering a major pipeline of growth including expansions in South American and Australian copper — as well as its push into potash, a mineral used in fertilizer. BHP says it is targeting 3% to 4% copper equivalent growth per year up to 2035 — roughly double consensus expectations. Julia Lee, Investment Director at Shaw and Partners Asset Management spoke to Bloomberg TV host Paul Allen.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Japan saw economic growth slow down unexpectedly in the second quarter with Real GDP growing at an annual rate of only 1.1%. The weakness reflects a slump in capital spending, given uncertainties stemming from the conflict in the Middle East. This potentially complicates the Bank of Japan's policy communications as it weighs the timing of its next rate increase. For more, Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke with Homin Lee, senior macro strategist at Lombard Odier on the Asia Trade. The AI race in China is making a shift towards cyber defense. Z.ai has announced that its latest model, GLM-5.3, is designed with cyber defense in mind. For a deeper look at the AI race in China, Bloomberg TV hosts David Ingles and Yvonne Man spoke with Bloomberg Strategist Anthony Stephens and Bloomberg Analyst Robert Lea.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to S housing data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Europe inflation and PMI data. In Asia – a look ahead to why the persistent weakness of the yen is a troubling issue for Japan’s policymakers. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Asian stocks rose, adding to a fourth week of gains, as moderating US inflation reinforced bets that the Federal Reserve will refrain from raising interest rates next month. Technology stocks extended their rebound. In Asia, the yen remained within striking distance of 160 per dollar, even after Prime Minister Sanae Takaichi’s government was said to support an interest-rate increase. The Japanese currency was little changed Friday, near 159.43 per dollar. We get reaction from David Finnerty, Bloomberg News FX & Rates Strategist. Plus - even as Treasuries rallied Thursday, the US sold 30-year bonds at the highest yield in a quarter century, underscoring the premium investors are demanding to finance the nation’s deficits. Meantime, back-to-back benign inflation prints, following last week’s softer-than-expected jobs report and a pullback in oil prices, are easing pressure on the Fed to tighten policy at its meeting next month. For more on the broader market backdrop, we hear from Tim Waterer, Chief Market Analyst at KCM Trade Global.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks rose as technology shares rallied and a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent crude snapped a six-day rally, while attention was also on the yen as it traded around the key level of 160 per dollar, keeping investors on the lookout for more intervention by officials in the foreign-exchange market. We speak with Mark Cranfield, Bloomberg News MLIV Strategist. Plus - caution prevailed after Cisco Systems’ earnings failed to impress, sending its shares lower in extended trading. Cerebras Systems tumbled 17% after sales declined at its hardware business. For more on the state of the AI trade, we hear from Arun Sai, Senior Multi Asset Strategist at Pictet Asset Management.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Sentiment toward technology remained buoyant, with CoreWeave Inc. surging 16% in extended trading after booming artificial intelligence spending drove stronger-than-expected sales growth. Super Micro Computer Inc. rallied 7.6% in the post market after its revenue forecast topped estimates. The robust tech earnings helped MSCI’s Asia Pacific equities gauge advance 0.4%, with South Korea’s tech-heavy Kospi Index adding 2.8%. US equity-index futures were little changed. We hear from Xi Qiao, Managing Director and Financial Advisor at UBS. Plus - the yen was little changed around 159.33 a dollar. Investors are watching the currency as it approaches the key level of 160, raising concern that Japanese authorities will intervene again. The dollar weakened against most of its Group-of-10 peers. We discuss the yen story with Michael Ball, Bloomberg News Macro Strategist.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Early focus in Asia is on the yen after the currency weakened 1% on Monday, erasing about half of its recent intervention-led rally. The move is psychologically significant for traders, who remain on alert for further official support. The yen was slightly stronger in early Tuesday trading at about 159.10 per dollar. We discuss with David Savage, Bloomberg News MLIV Strategist in Hong Kong.Plus - US investment giants including Apollo Global Management Inc., Blackstone Inc., BlackRock Inc. and Brookfield Asset Management are partnering with Nvidia Corp. to invest $500 billion in artificial intelligence infrastructure. The news came on the same day as Intel announcing a new share sale, and Anthropic striking a $9.1 billion deal with Riot Platforms. We examine the state of the global AI buildout with Grace Tam, Deputy Asia CIO at BNP Paribas Wealth Management.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Oil extended its recent gains as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Treasuries declined. Meanwhile, a gauge of Asian stocks rose 0.4%, with gains for South Korean and Japanese chipmakers. The Kospi Index climbed as much as 2% before trimming its advance, with SK Hynix Inc. and Samsung Electronics Co. among the winners. The move followed Friday's Wall Street rally after soft US jobs data lifted equities, sending the S&P 500 Index to a record high. Bloomberg's Haidi Stroud-Watts spoke to Jasmine Duan, Senior Investment Strategist at RBC Wealth Management Asia. And prices paid by US consumers probably inched up marginally last month after falling for the first time in six years, a welcome tempering in recent war-driven inflationary pressures. The closely watched consumer price index is seen rising 0.1% in July following a 0.4% decline in the prior month, based on the median projection in a Bloomberg survey of economists ahead of Wednesday's Bureau of Labor Statistics release. In the wake of Friday's weak July jobs report, the moderation in price growth may help alleviate some of the inflation anxiety at the Federal Reserve after three officials dissented on July 29 in favor of raising interest rates. Bloomberg's Haidi Stroud-Watts spoke to Illiana Jain, International Economist at Westpac.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead. In the UK – a look at some of Europe's biggest energy companies on their recent performance. In Asia – a look ahead to a monetary policy decision from the Reserve Bank of Australia. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Oil extended gains after a report that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. Higher energy prices revived concerns that the Federal Reserve may need to keep interest rates elevated. Bloomberg's Haidi Stroud-Watts spoke to Lori Calvasina, Head of US Equities Strategy at RBC Capital Markets. Plus - Japan had a slew of corporate earnings, Bloomberg's Shery Ahn spoke to Rie Nishihara, Chief Japan Equity Strategist at JPMorgan Securities.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Asian stocks slipped after Wall Street's recent tech-led rally stalled, with chipmakers coming under pressure. The MSCI Asia Pacific Index fell 0.8%, though gainers outnumbered decliners. Gauges in Japan and South Korea declined, while stocks in Australia advanced to a record. For more on the markets, Bloomberg's Haidi Stroud-Watts spoke to Kerry Craig, Global Market Strategist at JPMorgan Asset Management. And for an outlook on Chinese markets, Bloomberg's David Ingles and Avril Hong spoke to Eva Lee, UBS Global Wealth Management Chief Investment Office Head of Greater China Equities.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Shares of Elon Musk's rocket, satellite and AI conglomerate tumbled as much as 8.8% in US postmarket trading after it said capital spending jumped to about $18.4 billion in the second quarter. "We expect the cadence of AI development to improve dramatically," Musk told analysts on a conference call after the company reported results that beat forecasts for revenue, AI losses and Starlink subscriber growth. Bloomberg's Haidi Stroud-Watts spoke to Bob O'Donnell, President and Chief Analyst at TECHnalysis Research. Plus - HSBC Holdings Plc announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings that beat estimates despite China's crackdown on cross-border wealth flows. The London-headquartered lender will repurchase as much as $1 billion in stock after pretax profit for the three months through June rose to $10.1 billion, beating estimates. Results were bolstered by notable items alongside gains in banking and wealth revenue. Bloomberg's Francine Lacqua spoke to HSBC Group CEO Georges Elhedery.See omnystudio.com/listener for privacy information.

SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Shares of Elon Musk’s rocket, satellite and AI conglomerate tumbled as much as 8.8% in US postmarket trading after it said capital spending jumped to about $18.4 billion in the second quarter. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Ed Ludlow, Bloomberg Tech co-host Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. The yen held steady through the New York trading session on Monday, after a sharp advance earlier in the day that sparked speculation authorities may have intervened to support the currency again after last week's coordinated action between the US and Japan. Meantime, US and Japanese officials warned investors they're determined to keep defending the yen after jolting currency markets with their first joint intervention in 15 years. Bloomberg's Shery Ahn spoke to Shusuke Yamada, Chief Japan FX and Rates Strategist at BofA Global Research. Plus - President Donald Trump said his latest offer of talks is a "last chance" for Iran after he called off what he said was a major attack on the Islamic Republic. Iran denied it was negotiating with the US, but said talks with Oman to get more ships moving through the Strait of Hormuz are making progress. Bloomberg's Shery Ahn spoke to Mona Yacoubian, CSIS Director and Middle East Program Senior Adviser.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. The yen advanced sharply on Monday amid high alert in markets. This comes after Japan confirmed its first joint intervention with the US in currency markets in 15 years and warned that it was ready to act again, after the yen last week slid to a four-decade low. Japan’s Finance Ministry intervened in the market on Friday in coordination with the Treasury Department. US President Donald Trump earlier said the US joined the currency-market intervention as a sign of friendship with Japan, saying that he expects Washington to reap a financial benefit from helping the ally. Separately, US Treasury Secretary Scott Bessent said in a post on X that the US stepped in to help fight “disorderly” movements in the yen and is ready to keep helping Japan. Bloomberg's Paul Allen and Haidi-Stroud Watts spoke to Louise Loo, Head of Asia Economics at Oxford Economics. Amid US intervention with the yen in Japan, bond investors say the risk of a deeper Treasury rout is rising as Federal Reserve Chairman Kevin Warsh keeps investors in the dark about how officials will respond to the evolving economy. The Treasury market is signaling that Warsh's inflation-fighting credibility is eroding after he declined to outline how he plans to curb price pressures when policymakers left interest rates unchanged last week. The result is steeper borrowing costs for the government, homeowners and companies, with the rate on the 30-year Treasury at a 19-year high. Bloomberg's Paul Allen and Haidi-Stroud Watts spoke to Julia Wang, North Asia CIO for Nomura International Wealth Management.See omnystudio.com/listener for privacy information.

AI promises untold breakthroughs, yet success requires huge amounts of energy. That begs a crucial question: How can we power progress responsibly? Find out how B.Grimm is leading the shift through a major renewable energy-powered data center project in Chon Buri. https://sponsored.bloomberg.com/media/bgrimm/the-stewards-of-compassion-podcast This episode is sponsored by B.GRIMM.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the July jobs report in the U.S with a focus on 3 stocks for the week ahead. In the UK – a look ahead to some of the most consequential earnings releases of the year in Europe. In Asia – a look ahead to key economic data for Vietnam in the week ahead, including numbers on consumer prices and trade. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Chip Stocks on Wall Street posted its biggest gain in more than a year. Amazon.com Inc. rose 9.5% after cloud-computing revenue accelerated for a fifth straight quarter, while Microsoft Corp. surged 16% after earnings, adding roughly $450 billion to its value, the most by any stock in a single day. Apple Inc. dropped more than 6% in extended trading as supply shortages hurt its sales forecast. We speak to Daniel Newman, CEO of The Futurum Group. Plus - US-listed shares of Silicon Motion surged in New York trading, after the semiconductor device company reported second-quarter results that beat expectations and it gave a revenue forecast that is much stronger than expected. Bloomberg's Yvonne Man and David Ingles spoke to Jason Tsai, CFO of Silicon Motion.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Microsoft Corp. climbed almost 9% in extended trading after reporting its fastest cloud-computing growth in four years. Samsung Electronics Co. rose over 1% after chip profit soared over 250-fold. Meta Platforms Inc., however, fell over 7% in post-market trading following a disappointing revenue forecast for the current year. For more analysis, we spoke to MS Hwang, Research Director at Counterpoint Research.Plus - Federal Reserve Chairman Kevin Warsh has said the decision to leave interest rates unchanged wasn't a sign of inertia at the central bank, which is committed to tackling inflation. Brown University Professor of International Economics Sebnem Kalemli-Ozcan breaks down how markets are interpreting the signals. She spoke to Bloomberg TV host Haidi Stroud-Watts. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. SK Hynix Inc. earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit, a record outlay that coincides with growing fears about overinvestment in AI capacity. SK Hynix said it expects its capital investments to rise around 50% to at least 45 trillion won ($31 billion). It posted margins of more than 80% for the June quarter — a high watermark — because of the endemic memory shortages that have helped raise prices it charges customers like Apple Inc. and Nintendo Co. Yet the Korean company's shares fell 11% in Seoul Wednesday, reflecting both the sky-high expectations that surround the AI industry's linchpins and the growing concerns that big tech firms such as Meta Platforms Inc. are building more data centers than they need. Korea's benchmark KOSPI fell for a second straight day. We speak to Winnie Hsu, Bloomberg's Asia Equities Reporter. And for more analysis on SK Hynix earnings, Bloomberg TV hosts Yvonne Man and David Ingles spoke to SK Kim, Senior Analyst at Daiwa Capital Market Korea.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. A selloff in global semiconductor stocks deepened, as investor sentiment continued to worsen over the sustainability of the artificial intelligence boom. The losses point to deepening concerns over crowded equity positioning and rising corporate debt levels as the AI buildout progresses, with Nvidia Corp.'s fresh round of deals and technological advances from Chinese peers adding pressure. We speak to Lauren Cassidy, Founder & Chief Investment Officer of Founder ETFs. Plus - Oil extended a steep decline after President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks. Bloomberg TV host Haidi Stroud-Watts spoke to S​​ara Vakhshouri, SVB Energy International Founder and President.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Oil dropped, stocks and bonds rose as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies after a recent escalation in the conflict. Three days of Group-of-Seven central bank decisions begin with the Fed on Wednesday, followed by the Bank of England and the Bank of Japan. While no changes are expected in interest rate policy, officials are likely to emphasize vigilance over the inflationary impact of higher energy prices. Bloomberg TV host Haidi Stroud-Watts spoke to Diana Mousina, Deputy Chief Economist at AMP. Plus - Investors are looking to Monday's trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant's initial public offering. The chip-heavy Star 50 Index fell into a bear market this month as funds repositioned for the IPO, which values CXMT at $86 billion, making it China's largest-ever chip offering. Still, the valuation at about one‑tenth that of larger rival SK Hynix Inc. is seen leaving ample room for CXMT to run. It's expected to perform well given an IPO that was hundreds of times oversubscribed and that listings on the STAR Board face no daily percentage limit for the first five trading sessions. Given CXMT's heavy state backing as a key component of China's drive for tech self-sufficiency, a big jump could provide a halo effect for other local chip stocks. Bloomberg TV host Haidi Stroud-Watts spoke to Rolf Bulk, Head of Semiconductors & Infrastructure at Futurum Equities.See omnystudio.com/listener for privacy information.

In this special bonus episode, Bloomberg Tech’s Ed Ludlow sits down with Nvidia President and CEO Jensen Huang for an exclusive interview. In their conversation, Huang says “this is the golden ages for Korea” after teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. “Their semiconductor business is booming. Their industrial business is booming. You know, this is a country that has the ability to help the world build out the AI infrastructure.” Huang speaks to Ludlow after the CEO’s appearance at a Korean AI Summit and meeting with South Korean President Lee Jae Myung. Listen for their full conversation on Nvidia’s investment in South Korea and the latest in the AI space.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next decision from the Federal Reserve and a preview of three tech stocks for the week ahead. In the UK – a look ahead to the next monetary policy decision from the Bank of England. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Intel Corp. delivered a revenue forecast that shattered Wall Street estimates as booming data center spending fuels a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, the company said Thursday. Even the low end of that range would easily clear the $15.1 billion average analyst estimate. Meantime, Stocks and bonds fell as doubts over returns from billions of dollars spent on artificial intelligence coincided with a surge in oil prices that rekindled inflation concerns. For more on the tech story, Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Dan Ives, Partner and Senior Managing Director at Yorkville Ives. Plus - Energy is the biggest constraint of the global AI build out. Many countries are turning to nuclear power to address it. Perhaps nowhere better reflects the global nuclear push than Asia. Bloomberg TV host Shery Ahn spoke to Nobuo Tanaka, International Energy Agency Executive Director Emeritus.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Alphabet Inc. again raised already sky-high estimates for capital spending in 2026, telling investors that expenses may top $200 billion as it races to build the computing power necessary to fuel its artificial intelligence ambitions. The Google parent projected capital expenditures of $195 billion to $205 billion in 2026, up from a previous estimate of as much as $190 billion, above the roughly $186 billion that analysts had estimated. The higher guidance reflects the company's efforts to accelerate its expansion of AI computing capacity and book more revenue from cloud-computing clients. Tesla Inc.'s profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk's plan to refocus the electric vehicle maker on artificial intelligence and robots. Spending on the ambitious initiatives surged to $5.8 billion in the second quarter, resulting in Tesla's first cash burn in two years. The company still expects capital expenditures in excess of $25 billion this year, and executives are now predicting even larger outlays going forward."This is a massive capex year," Musk said late Wednesday on a conference call to discuss quarterly results. "We should be spending on capex as fast as we can — spend as fast as we can without it being too wasteful." We speak to Shay Boloor, Chief Market Strategist. Plus - Asian shares advanced as regional chipmakers gained on expectations they will benefit from billions of dollars flowing into the artificial intelligence buildout. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Vikas Pershad, Asian Equities Portfolio Manager at M&G Investments. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Stocks in Asia climbed for a second day as chipmakers at the heart of the artificial intelligence boom extended their rebound, offsetting concerns over rising oil prices after renewed escalation in the US-Iran conflict. The rally in technology stocks followed weeks of volatility in the year's best-performing corner of the market as investors questioned whether massive AI spending will translate into commensurate returns. We speak to Winnie Hsu, Bloomberg's Asia Equities Reporter. And for more analysis on the latest moves in the market, Bloomberg TV hosts Shery Ahn and Haidi Stroud-Watts spoke to Kyle Rodda, Capital.com Senior Market Analyst. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. The hottest name in China's domestic AI industry is Moonshot. The company's AI model -- known as Kimi K3 -- was released last Friday. It shows China is closing the gap on OpenAI and Anthropic more rapidly than anticipated -- even with limited access to the most advanced processors from Nvidia. We speak about the market reaction with David Savage, Bloomberg's MLIV Strategist. And -- Top diplomats from across South East Asia are gathering at the ASEAN Foreign Ministers' Meetings. US Secretary of State Marco Rubio will attend along with Chinese Foreign Minister Wang Yi. There is a lot of topics in focus, including Myanmar's future, the situation in the Middle East, China and Philippines bilateral relations. Bloomberg TV Host Avril Hong spoke to Bec Strating, Director of La Trobe Centre for Global Security. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Oil climbed to the highest level in more than a month and bonds fell as US and Iranian attacks escalated, renewing inflation concerns. Stocks stabilized after a technology-led selloff rattled markets last week. Treasury 10-year futures slipped 7/32, with trading in the cash market shut during Asian hours Monday because of a holiday in Japan. Government bonds in Australia and New Zealand also declined on concern that higher oil prices will stoke inflation. Equities were mixed. Nasdaq 100 futures rose 0.2% after Friday’s selloff, as Moonshot AI told investors it plans to go public within six months after its latest model challenged perceptions of US leadership in artificial intelligence. MSCI’s Asia Pacific equity index was little changed, while South Korea’s Kospi index fell 2.8% as traders returned following a holiday on Friday. For a look at the markets, Bloomberg TV Host Avril Hong spoke to Homin Lee, Senior Macro Strategist at Lombard Odier. Brent rose as much as 3.8% to $91.42 a barrel, the highest level since June, with back-and-forth strikes that have expanded beyond military targets. For an outlook of how the oil story is impacting the Asia-Pacific, Bloomberg TV Host Paul ALlen spoke to Illiana Jain, International Ecnomist at Westpac Banking Corporation.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to new home sales data with a focus on three stocks for the week ahead. In the UK – a look ahead to the UK preparing to usher in its 7th Prime Minister in 10 years. In Asia – a look ahead to Japan Marine Day. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.West Texas Intermediate traded above $80 a barrel after adding more than 11% in the previous three sessions, as the US continued its attacks on Iran in a bid to secure shipping through the Strait of Hormuz. Gasoil prices, however, were a touch weaker in the previous session.Equity-index futures pointed to declines in Japan and South Korea, while those for Hong Kong and Australia indicated gains. Earlier, the tech-heavy Nasdaq 100 fell 0.3%, while a US semiconductor gauge pared some of its losses to finish down more than 2%. For a look at the markets we spoke to Ross Mayfield, Investment Strategist at Baird.For a look at trade across the world, we bring you a special interview, Bloomberg's David Gura sat down with US Trade Representative Jamieson Greer to discuss the section 301 investigation on Brazil, the trade surplus with Switzerland, and more.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Oil rose for a third day as President Donald Trump threatened further strikes on Iran, hours after the US resumed its blockade on the Islamic Republic’s shipping through the Strait of Hormuz. Global benchmark Brent advanced 1.8% to above $86 a barrel after surging 11% in the previous two sessions.The weak US inflation numbers and a strong start to the earnings season have revived the AI trade, boosting technology stocks after a recent bout of volatility. While the data gives the Fed more room to keep rates on hold, escalating tensions in the Middle East continue to cloud the inflation outlook by threatening higher energy prices. We spoke to Paisley Nardini, Portfolio Manager at Simplify Asset Management.For a preview of the incoming economic data out of China, Bloomberg TV Host Avril Hong talked to Peiqian Liu, Asia Economist at Fidelity International.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Oil extended gains and Treasuries held their losses after the standoff between the US and Iran intensified, raising concern that supply disruptions will reignite inflation and strengthen the case for higher interest rates.Brent climbed as much as 2.8% to $85.64 a barrel. The commodity jumped 9.6% on Monday — its biggest gain since May 2020 — after President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway. We spoke to Rob Haworth, Senior Investment Strategy Director at US Bank Wealth Management.For more analysis on how the new blockades are affecting oil prices and inflation, Bloomberg TV Hosts David Ingles and Yvonne Man talked to Chris Weston, Head of Research at Pepperstone.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. For analysis on the week ahead, highlighted by the US-consumer price report and two days of testimony from Fed Chair Kevin Warsh, Bloomberg TV Host Shery Ahn spoke to Frederic Neumann, Chief Asia Economist at HSBC. Oil rose and Treasuries fell after the US launched another round of strikes against Iran, reviving concern that higher energy prices will keep inflation elevated and interest rates higher for longer. Brent crude climbed 4.4% to $79.35 a barrel as conflicting claims over the status of the Strait of Hormuz fueled speculation about potential supply disruptions. Treasuries dropped across the curve with the yield on the rate-sensitive two-year note climbing three basis points to 4.24%, the highest since February 2025. Australian and Japanese sovereign bonds also fell, while the dollar strengthened against all of its Group-of-10 peers. For more on this, Bloomberg TV Host Avril Hong talked to Mark Cranfield, Bloomberg Strategist.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on three stocks for the week ahead. In the UK – a look ahead to what lays ahead for the European Central Bank as it grapples with a uncertain inflation landscape. In Asia – a look ahead to South Korea’s Constitution Day. See omnystudio.com/listener for privacy information.

Bloomberg’s David Gura hosts a special edition of Bloomberg Tech as SK Hynix starts trading on the Nasdaq, in what is the biggest-ever US listing by a foreign company. He recaps Ed Ludlow's sit-down interview with SK Group Chairman Chey Tae-won from the Nasdaq, and dives deeper into the listing's impact on the rest of the US chip sector.See omnystudio.com/listener for privacy information.