Skip to main content

tv   Bloomberg Daybreak Australia  Bloomberg  April 29, 2021 6:00pm-7:01pm EDT

6:00 pm
haidi: welcome to daybreak australia. shery: good evening from bloomberg's world headquarters in new york. haidi: amazon delivers strong results as consumers continue to shop online. twitter tumbles on a difference -- on supporting revenue forecast. china's crackdown on tech
6:01 pm
continues peggy regulators impose wide-ranging restrictions on 13 companies including tencent and bytedance. chinese banks see profit margins squeezed as policy makers lean on lenders to contain debt. shery: this is the picture on wall street. u.s. futures under a little bit of pressure at the open after stocks rose to a record. a mixed bag of earnings from tech giants including amazon and twitter. the nasdaq 200 reversed two sessions of losses. the 10 year yield a writing to the highest in two weeks. u.s. economic growth expanding more than 6% in the first quarter. jobless claims falling to a fresh pandemic low. fed chair powell dismissing worries. we are seeing crude futures under pressure after oil rose to the highest since mid-march. let's see how we are setting up for the asian open. sophie: we're looking at a mixed
6:02 pm
bag when it comes to asian futures. kiwi stocks going higher. australian stocks now outpacing the region. higher by tech and health as well as mining amid the commodities rally. we saw copper touched $10,000. production updates from names like oil search and origins. this after shares fell to a record low. i'd of the long weekend in japan, you had earnings out with names like komatsu and the yen trading below the level. i the handle with plenty of data on hand from japan including inflation and factory output. the offshore yuan trading near a three-month high ahead of april pmi data due out this friday.
6:03 pm
on thursday, putting the csi 200 for the past month in three. haidi: asia beats coming out of u.s. big tech. amazon encouraging investors the company's pandemic momentum is not wayne i as the world -- is not waning as the world begins to reopen. let's get it over to ed ludlow for the details. what were the highlights? ed: the main takeaway was the outlook for the second quarter. 110 to $116 billion in sales. significantly higher than wall street's expectations. the concern is the boost to the amazon e-commerce business and its cloud business, what happens when the vaccine rollout is successful and we come back to pre-pandemic conditions? the outlook gives us a sense of
6:04 pm
the sense amazon has. that is what the street was paying attention to. you guys have a fantastic chart. 24 consecutive quarters of topline growth above 15%. in the most recent quarter, 44% growth was significantly higher than expectations. the difference this time around, costs are coming down and the bottom line is getting a big boost from aws, the cloud unit. shery: we saw the international business being profitable. that can usually be a drag. any other surprises? ed: strength in international business. pockets within the market have more severe covid restrictions. one interesting piece, advertising. this is not amazon's biggest unit. sales surged by 17%. facebook and google reported strength in the ad market.
6:05 pm
the one interesting point was the pull forward of crime day. prime day is going to be in the current spring quarter. in previous quarters, it has been the holiday quarter. the questions in the call were about why and when. they thought about pulling prime day forward prior to the pandemic. the second quarter a year ago was the main endemic shutdown time. having prime day in the second quarter could support those financials. haidi: what about twitter? what does wall street not like? ed: twitter shares dropping like a stone in after hours. it is hard to say. twitter gave an outlook that was wide. $980 billion to 1.80 billion in sales. the street was looking at 1.0 5
6:06 pm
billion. you had facebook and google showing there was strength in the advertising market. pricing power from those companies. why is twitter not feeling the same love? twitter user growth to 20%. there is also the first full quarter that president trump was not on the platform. he was banned on january 6. there does not appear to be any direct impact. user growth was strong. it seems twitter's ad model does not have the same residence with advertising buyers that facebook and google saw. shery: you can turn to your bloomberg for more on those amazon and twitter earnings. tliv for an analysis. alex is the portfolio manager and cio of the wisdom tree leaders.
6:07 pm
in the meantime, let's get more on the broader markets with the head of research and strategy at global x etf. great to have you with us. it seems right now when we look at our earnings that if during the pandemic it was indiscriminate love for all these tech giants, markets have become more discerning. how are you differentiating between them? >> what we are seeing from our perspective is a lot of these tech themes people would thought putter out -- people thought would putter out, have continued a lot of the momentum. the microsoft sedo said they thought they would see a deceleration in the adoption of digital technologies. we are continuing to see an acceleration. there are a lot of consumer dollars that need to be spent. a lot of that money is being filtered toward cloud-based technologies, streaming and video games, buying stuff
6:08 pm
online. anything we can do digitally continues to be well positioned among consumers today. shery: what was interesting from alphabets earnings is how they had not much to say about their hardware business. is there a differentiation to make between software companies and hardware especially given the semi conductor shortage? >> software companies have infinite scale. you can always sell and other copy of office 365. you can always stream another song on spotify. there are issues with selling handsets in automobiles and pcs right now. hardware business is under pressure. we solve that with apple. fantastic earnings from q1. they are already starting to one about what q2 numbers could look like. haidi: we are seeing fast growing momentum when it comes to social media. what is going on with twitter? what is more attractive given we were just talking about hurdles
6:09 pm
with the ad revenue model at twitter? >> what is fascinating about social medias for so long, it was dominated by a few players. mostly just facebook and twitter file youtube. what you see is more competition coming from these small upstarts whether it is reddit, to talk, next door. there are a lot of companies starting to capture consumers attention. that could be why twitter is turning to software. if you think about it from an advertiser's perspective, they have to prioritize where there spend their money. and where they spend time developing ads. maybe twitter is getting cut out for these new upstarts. haidi: had you position for the reflation trade given we continue to have the vaccine rollout and the global reopening? are we are reassessing whether the reflation trade, the incoming expectations is at odds
6:10 pm
with continued growth in tech? >> i think the reflation trade is living a little outside of tech. we are seeing it in places like copper which has seen a resurgence in prices. when you are looking at greater economic growth and supply chain issues and all this money that needs to be spent at the same time, you can see economic growth but you can also see inflation. that historically has favored commodities at the center of economic growth like copper. that is one of our favorite picks, especially given 50% of copper demand comes out of copper, which has seen phenomenal gdp growth in q1. the other area is in development. construction and engineering companies in the united states are well positioned in this environment because of the economic tailwind of fiscal stimulus. shery: head of research -- haidi: head of research and strategy.
6:11 pm
let's get you over to vonnie quinn. vonnie: good morning. moderna says it plans to reduce as many as 3 billion doses of its covid-19 doses next year. it is increasing output at several factories in the u.s. and europe. it says the number of doses it makes next year will depend on the mix of production with its current vaccine and pediatric vaccines and booster shots currently in human trials. the united kingdom might add the u.s. to its proposed growing list of countries as part of its plan to reopen borders to visitors. the hit head of -- the head of heathrow airport says -- the move would permit quarantine free travel between the u.s. and u.k. hong kong and parts of the caribbean are also being considered. germany, france and other european union governments are calling on the rest of the blot
6:12 pm
-- rest of the block to join them in curbing travel from india. there is concern of coronavirus variants in india triggering a fourth wave of infections in europe. several officials urged the e.u. to quickly adopt restrictions. the indian prime minister's party appears to be trailing in exit polls. polling indicates voters in a battleground state looks set to hand the victory to one of his main challengers. the ballots will be counted this weekend. they are seen as the barometer of his popularity. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. haidi: still ahead, china -- shery: still had, china imposes restrictions on the financial arms of more tech firms
6:13 pm
including tencent and bytedance. we have the very latest. this is bloomberg. ♪
6:14 pm
6:15 pm
haidi: chinese regulators are -- in their ongoing crackdown on big tech. opposing wide-ranging restrictions on 13 companies including tencent and bytedance. stephen engle is joining us from hong kong. what do we know about this latest move? >> what we know is nobody can escape, at least in chinese big tech. the regulatory crackdown that is coming from beijing and the various regulatory body. this is interesting because it -- as the crackdown we saw on alibaba on the financial side. not just the antimonopoly push,
6:16 pm
but more targeting the systemic risk that the explosion into the financial services where there is wealth management, lending and the like has been posing. the risk that those services in under regular technology companies rather than banks have been posing on the chinese economy. 13 companies now in addition to and group have been summoned to a meeting with several of the watchdogs including the central bank, the city irc, the securities regulator and the forex regulator and regulator ae been told they need to restructure. -- gathering personal ids and these regulators said companies must to restructure financial holdings into a --
6:17 pm
they must sever improper links between their existing services and financial services or the payment services such as alipay from alibaba and wechat pay and tencent. for tencent, it means they are going to have to restructure the glue that combines their e-commerce, their gaming, their social media, etc. it is going to be a headache for these companies. for companies like dance and didi to shane, they are said to be exploring new listings for ipos. these new regulations could have a significant impact on how they go forward with their listing plans. regulators have pledged to curb what they call a reckless push of technology firms into finance. shery: how similar is this to what happened to ant group
6:18 pm
and alibaba? >> it is very similar. it shows this is not just taking down jack ma. that was speculated early going when jack ma and of the ant group ipo was scuppered. he was out of public view. there is a lot of speculation this was about taking down the most vocal and high profile of the tech titans. this shows the regulators are going after the risks that the financial innovations that come from fintech is posing risks and is under regulated. among these rectification's, and there is a long list. go on bloomberg.com. i don't have enough time to go through it. companies laughed register they financial links to operate. payment services have to return to their roots. the long list. you see it right there.
6:19 pm
this is going to be an ongoing story. shery: you will be there to tell us about what happens. chief north asian correspondent stephen engle on the latest regulations against chinese tech. a huge gap in fact seen -- in vaccine access across asia. this is according to the asian development bank. while it is too strong gdp growth this year, the bank says covid-19 outbreaks could feel -- >> last year, near zero to point -- nears 0.2% growth rate. significant impact coming from this pandemic. this year, it is expected to rebound to 7.3% because of a
6:20 pm
couple reasons. one is the so-called base effect. also very strong growth by two giants. china and india. still, we are facing so many downside risks including vaccines and significant outbreaks. east asia looks ok. other areas like southeast asia, pacific area and central asia look a bit modest in terms of the growth rate. especially on the countries depending on tours in. might experience more modest growth because for two reasons. it might take time. >> you talked about how a lot depends on the vaccine rollout. asia once led the vaccine rollout.
6:21 pm
now it is lagging behind. shortages in india. shortages in indonesia. what is your take on that? how are you factoring that in? >> that is important to break the chain of transmission and also mitigating the impact. right now, all of -- preparing or conducting vaccination or their people. what we are supposed to do is secure financing to procure safe and effective vaccines as well as plans and strategies for equitable and timely vaccine distribution system. we launched the new financing instrument. the total amount of nine approved last december.
6:22 pm
we already improved four countries. indonesia, philippines, south pacific island countries. we are working on any other countries. the issue is even if we secure the financing to procure vaccines, to purchase vaccines in a timely manner is another thing. as you said, there is a huge gap between demand and supply. i have strong feelings more and more. >> you talk about how the risk to the downside, there is also the risk of uneven recovery. how do you assess that? >> a couple of risks we are concerned about.
6:23 pm
vaccination is obviously one can send. another concern i have is huge debt. developing countries are under enormous pressure. this is necessary to address. it cannot be stopped. the resulting accumulation of public debt is our concern. we know sooner or later, the u.s. will start normalizing monetary policy. quite often in the past, we saw huge pressure in developing and emerging markets. capital outflow and pressure for a shot. we need to be very careful. haidi: the asian development
6:24 pm
bank president. auntie more to come on daybreak australia. -- plenty more to come on daybreak australia. this is bloomberg. ♪
6:25 pm
6:26 pm
shery: a quick check of the latest headlines. caterpillar is warning that the chip shortage could impact results later this year. the company beat sales and profit estimates in a strong start to 2021 with revenue rising 12% to almost $12 billion on the back of construction growth in china and the u.s. it put a damper on expectations, saying it may not be able to meet equipment deliveries due to a shortage of semi conductors. china's largest lenders posted profit growth below three percent in the first quarter as policymakers leaned on them to rein in debt. the pboc last month asked major
6:27 pm
lenders to curtail loan growth for the rest of the year on concern over bubbles. chinese banks benefited from the economic recovery after the worst turning slump in a decade. moody's became the second major writing firm to downgrade china huarong asset management this week. huarong remains on watch for a further downgrade. haidi: let's take a look at the day ahead for australia. canberra's military ties with washington are in focus. the u.s. state department has approved a possible equipment sale worth $1.7 billion. beach energy has posted numbers. lender pepa has been kicked off for an ipo for an ipo that could
6:28 pm
raise $350 million. wendy moorehead. this is bloomberg. ♪ -- plenty more ahead. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels.
6:29 pm
get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. >> you are watching daybreak:
6:30 pm
australia. beijing has opposed restrictions similar to those imposed on and group on 13 chinese companies. firms were summoned with other -- to a meeting with regulators. they say they must restructure to allow for stricture supervision including listing compliance and anti-novelistic clips.
6:31 pm
china says its population grew, rebutting concerns its upcoming census which are declines. they say statistics will be released but did not specify when. the financial times reported china's population fell last year. the birthrate rate had been declining steadily as the nation grew more prosperous and women's education levels raised. the white house has proposed taxing 100 of the world's biggest companies at a rate where they sell their goods and services. japanese tax experts say it would boost revenue at times when tokyo is concerned about its national debt. they are leading to get in -- a national agreement on the plan by next year. the food and drug administration is planning to ban mental cigarette sales. it stems from a lawsuit last
6:32 pm
summer forcing a decision. it alleges regulators unreasonably delayed responding to a position seeking to ban the flavor. they have been facing pressure on the disproportionate effect on african-american groups. global news, 24 hours a day on air, on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: we are getting dds first quarter numbers. net income coming in at a beat of expectations. the net income number is a found beat. we are also looking at an upgrade when it comes to the full year loan growth. when it comes to interest margins for the first quarter at over 2.1 billion singapore dollars. net income just over 2 billion
6:33 pm
singapore dollars as well. they say growth is coming in at double digits and they are upgrading full year loan growth. we did expect the trading side of the business to somewhat offset weakness we expected to see in the margins part of those numbers, but we did have healthy trade related income driving profit gains in the first quarter. last year, margins -- we're seeing net income margins at 1.49%. they are saying that full-year expenses continue to be 3-4% higher. but some pretty good news coming through from dds. -- dbs. first quarter dividend being declared at 18 singapore since
6:34 pm
pressure -- cents per share. a bullish forecast is being given, continuing a streak of growth even as there is forecasted less people shopping from home. i know you are bullish on amazon. why the relatively muted reaction in the stock? this was a really robust set of earnings across the board. >> there is already a lot of high expectations of baked into amazon's current share price. although if we take a step back and look at how their shares are performing, amazon and other members of that grouping had many pullbacks on their share price the last few months. amazon and their earnings have proven that big tech is not going anywhere, except for up.
6:35 pm
haidi: so what changes when the economy fully reopens? i looked at the share price and wondered if there was residual concern about the post pandemic world. some of the year on year in guidance numbers perhaps showed we are starting to see that trajectory gone down somewhat. -- come down somewhat. >> i am very bullish on amazon, particularly relative to say apple. you did see huge gains in hardware sales, but these are platform monopolies with multiple different business units inside of them. amazon is seeing 50% growth just in their core business, which is the marketplace. not even if you look at aws and
6:36 pm
a series of other high-growth businesses they have. so amazon is unique in that their core business marketplace is still seeing huge growth. some of the other companies, their core driver has seen growth the past quarter or to be very strong and i could see that pullback. -- or two be very strong and i could see that pullback. look at how amazon is priced compared to some of their big tech monopoly peers. haidi: drug revisions already happening to the upside. this gtv chart on bloomberg showing that for tech. it continues to go higher and outperform the broader s&p 500.
6:37 pm
who will be impacted the most by potential regulations? >> it depends where you are talking about. if you are talking about the u.s., amazon should have. the biggest rail -- should have the biggest regulatory risks. they should have the most scrutiny. that said, i think we have seen other companies separate from the united states like australia with google and facebook, we saw a similar script try to play out in europe. in the united states, there is somewhat little regulatory risk for these companies. we hear a lot of murmurs and clamoring, i am just somewhat skeptical they will be able to land the plane and have any kind
6:38 pm
of material impact on any of these big tech monopolies. haidi: just expand on your call on twitter because you don't sound very positive. >> twitter is a small platform company. they have a network effect but they are a baby compared to facebook and google. they don't have that monopolistic place. they don't have the same barriers to entry and the same compounding effect. they have failed to innovate, particularly on executing. they had a lot of false starts on new products that seemed bullish in the beginning and then it peters off. they have had a big challenge innovating new business models, we see that today with what they are trying to do going up
6:39 pm
against these email newsletter type of business models where they will let you pay for tweets these type of things. i think the leadership could probably use a refresher. their activist investor left management in place and we seeing earnings coming out today prove that point. low growth, and these companies are valued on growth. they are just scraping by already. haidi: thank you very much. you can get more analysis on tech results in today's edition of daybreak. still to come, a ruling in hong kong. when it comes to asia, this is the best performer in emerging asia this year. what is the outlook? >> they're looking to stay
6:40 pm
bright, looking to stay hot given demand for chips amid the global shortage. we have bidens stimulus plan, also a boon for taiwan. keep in mind the u.s. accounts for 20% of taiwanese exports and 60% of gdp for the economy. this friday, the gdp report is likely to show the taiwanese economy grew at the fastest pace in 10 years. bloomberg intelligence is expecting the taiwan index could still move higher to a fair value range of 760, even after gaining 90% so far this year, so keeping taiwan in the leak through 2021. -- in the lead through 2021. analysts raise the full-year earnings outlook by 5% following first-quarter results that reinforced a strong earnings
6:41 pm
cycle. bloomberg intelligence showed sales growth reaching, giving type supply -- given types -- tight supply when it comes to chips. it is looking to be a boom year when it comes to tsmc and taiwan. haidi: that is in steep contrast to their global peers. >> it was record for the company. profits for the highest in seven years. >> 36,000,000,001st-quarter, which shows how strong the franchise has performed. >> we had a good start to the year. we had a significant increase in probability. 1.4 billion is one of the biggest we have had profit was in several years.
6:42 pm
>> the economy started to recover, particularly coming from individuals. >> profit is up almost 80%. very strong recovery.
6:43 pm
shery: southeast asia's largest
6:44 pm
lender dbs posted its first rebound in profits since 2019. juliette saly joins us from singapore. >> an absolute beat here. net income coming in at 2.0 one billion singapore dollars, well above estimates from the street. net income soaring 72% here. as you say, it is the first return to profit for southeast asia's largest bank since the last quarter of 2019. banks were hit hard by the pandemic a lot of government measures were put into place and we also saw falls coming through in bad loans. looking at other numbers, dividends came in at $.18 per share. they upgraded loan growth to high single digits. it is an impressive beat for a
6:45 pm
stop that is well-liked by the market. goldman sachs melissa kwak had already forecasted we would see banks have their provisions. they expected declines at dbs and ebc. we are seeing a pickup in economic activity and also healthy trading care helping returned to profit. ocd will be the next to report and are expected to have an impressive number with a 67% increase according to analyst recommendations. shery: when it comes to dbs, this all comes at a time when they are embracing the work from home model. >> we heard from jamie dimon this week who said it is time to get back to work.
6:46 pm
it does not seem to be the case for southeast asia's largest bank. they had done an internal review and found that four out of five of their employees worked seamlessly from home. up to 40% of staff can work home if they choose and earlier this month, we saw dbs announced they would be giving up some of their office space. they are going to surrender to and a half floors, certainly moving towards these pandemic related work models. shery: let's turn now to china's biggest banks. they posted profit gains below 3% policymakers leaning on lenders. for more, let's bring in markets coanchor tom mackenzie. we see policymakers again making chinese banks do the heavy lifting. >> if you look at icbc, the
6:47 pm
world's biggest banks by asset. you also need to look at bank of china, construction bank of china, all are reporting profits below 3%. all are seeing a rise in loan losses compared to their competitors. dbs, similar for them as well. but here in china, it is a different environment. loan losses continue to increase and that is affecting profit. nonetheless, the stocks are well-liked because of the rate environment, the value, and the cost and quality of these stocks. nonetheless, a word from the
6:48 pm
pboc -- though word from the pboc is they want to see credit risk curtailed because they are worried about double risks. the debt to gdp levels is at the highest levels since we covered it. so their goal is to get it under control as growth here is expected to crawl from the record levels we saw. it is unlikely you will see that pace of growth going forward. haidi: in the meantime, we have another ratings downgrade for quarrel -- huarong. >> you do have to question why moody's has been arguably late in coming out with this ratings cut. it follows the rating cut we saw from finch. moody's saying there was a concern about funding, market
6:49 pm
volatility and an uncertain future. you have to question why it has taken them that long. you saw bonds fall for huarong again. this is the second agency that has come out with a cut. all three of the big agencies have these on cut. this is coming after they missed and failed to report earnings and the question going forward is what are they going to do about this debt pile? $4 billion of their offshore debt is come do this year and so far we have only heard from regulators who have come out and said there is ample liquidity. but we have heard nothing from its major stakeholder, the finance ministry.
6:50 pm
they're still looking for more clarity about the fate of h uarong. haidi: in 18% rise in first-quarter profits and improving economic outlooks. bloomberg spoke with the cfo andy hufford about the results and what investors can expect in terms of dividend and buybacks. >> we had a good start to the year and a significant increase in profitability up 18%. 1.4 billion is the biggest course profit wise we have had in several years. a lot of that came off the back of significantly reduced credit payment charges. compared with just $2 billion to the whole of last year, a very
6:51 pm
significant improvement in the credit portfolio performance. it's in line a fraction down, but that is to do with reductions last year so that will start to normalize as we move forward. but we are very happy with the start of the year. >> you are happy. do you have any visibility on share buybacks and dividends? >> we will talk more about those when we come to the half-year. we are obviously only one quarter of the way into the year so far. as we've seen the last couple of years, we have done a mixture of buybacks and dividends. in the business, we will be very prepared to return that but we will provide an update on that. >> hsbc are pivoting very
6:52 pm
squarely to asia and yet we hear from bill at a conference. the winters, can i take it that you are looking to pivot to europe and the u.s., rather than to the east? >> the core of our business, we are a very asian bank. the vast majority about income and profitability comes from asia. what bill i think was referring to is the fact that we are all underrepresented in europe and the u.s. and would like to boost that presence in this part of the world. >> the standard chartered cfo speaking with annmarie hordern and manus cranny. get analysis from the daybreak team, now crossing live from our studio in hong kong.
6:53 pm
plenty more ahead. stay with us.
6:54 pm
haidi: let's get your quick check of the latest headlines. amazon beat across key metrics showing an increase in key revenue.
6:55 pm
even as vaccine rollouts raise the prospect of a return to normal shopping habits. the company gave a bullish second quarter sales forecast. shares jumped in extended trading. this company plunged in extended trade after releasing earnings. revenue was in line with wall street estimates, translating into a 28% jump year on year. they added only 7 million daily active users and a weak forecast for the quarter missed analyst estimates. a chinese property developers bonds have hit record lows on concerns about liquidity. they rattled investors when they repaid a dollar bond with proceeds from an estate sale of a former unit. they have millions of dollars in
6:56 pm
offshore bonds, some of it do next month. they may consider selling a portion of itself to investors as they avoid becoming china's latest property developer to default. >> we are seeing qe stocks gaining ground for a third consecutive session. we did get new zealand's annual trade surplus narrowing further in march, although the outlook remains strong. futures under pressure but remember the asx 200 has done well, headed for the best month since november. nikkei futures are under pressure, despite the fact the japanese is holding steady. we have tons of data out of japan, to watch out for the jobless rate and manufacturing pmi. when it comes to south korea, we do get production at the top of the hour.
6:57 pm
coming up, senior analyst julie hermon joined shortly, plus the financial imperative for addressing diversity in hollywood. daybreak: asia is next.
6:58 pm
6:59 pm
7:00 pm
>> welcome to daybreak: asia. haidi: i am haidi in sydney. we are counting down to asia's major market open. asia stocks were lower friday as investors digested big results from the u.s.. amazon sailed past amazon -- estimates well twitter tumbled.
7:01 pm
chinese regulators

66 Views

info Stream Only

Uploaded by TV Archive on